Retailers Are Always Interested in Determining Why a Customer Selected

question 175

Multiple Choice

Retailers are always interested in determining why a customer selected their store to make a purchase. A sporting goods retailer conducted a customer survey to determine why its customers shopped at the store. The results are shown in the bar chart below. What proportion of the customers responded that they shopped at the store because of the merchandise or the convenience?

• A) 35%
• B) 50%
• C) 65%
• D) 85%

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Definitions:

MRP

Material Requirements Planning is a methodology used to determine the materials and components required to produce a product.

Smaller Buckets

A term used in project management and process optimization, referring to breaking down tasks or storage needs into smaller, more manageable units.

Lot-For-Lot Ordering

A inventory management strategy where exactly the quantity needed for production or demand is ordered, minimizing the inventory holding costs.

MRP Plan

Material Requirements Planning; a system for calculating materials and scheduling production to meet demand.