Retail Information and Supply Chain Management Systems Help Retailers to Do

question 30

Multiple Choice

Retail information and supply chain management systems help retailers to do all of the following except

• A) gain strategic advantages.
• B) monitor the flow of information and merchandise.
• C) make sure desired merchandise is available when customers want it.
• D) minimize the retailer's inventory investment.
• E) avoid class action lawsuits.

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Definitions:

Productive Resources

Resources that are used in the production of goods and services, including land, labor, and capital.

Total Fertility Rate

The average number of children per lifetime birthed by a nation’s women.

Replacement Rate

The total fertility rate necessary to offset deaths in a country and thereby keep the size of its population constant (without relying on immigration). For most countries, a total fertility rate of about 2.1 births per woman per lifetime.

Per-Capita Consumption

The average consumption of a good or service per person within a particular population or area.