Efficient Consumer Response and Keiretsu Relationships Are Supply Chain Concepts

question 40

True/False

Efficient Consumer Response and Keiretsu Relationships are supply chain concepts concerned with speed and flexibility.

---

Definitions:

Consumer Confidence

A measure of how optimistic or pessimistic consumers are about the economy's prospects and their own financial situation, which can influence their spending and saving behaviors.

Operational Efficiency

is the ability of an organization to deliver products or services to its customers in the most cost-effective manner without sacrificing quality.

Point-of-sale Systems

Electronic systems used at retail outlets to complete transactions, manage inventory, and record sales data.

Traffic Congestion

A condition on transport networks that occurs as use increases, characterized by slower speeds, longer trip times, and increased vehicular queueing.