Which of the Following Best Defines a Stock-Keeping Unit

question 59

Multiple Choice

Which of the following best defines a stock-keeping unit? 

• A) The number of different items offered in a merchandise category
• B) End-of-season merchandise that will not be used by a retailer in following seasons
• C) Merchandise with minor mistakes in construction
• D) Each different item of merchandise offered by a retailer
• E) The number of merchandise categories a retailer offers

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Definitions:

Voice Mechanisms

Methods or processes through which opinions, feedback, or preferences are expressed and communicated in a decision-making context.

Exit Mechanisms

Strategies or methods used by investors, entrepreneurs, or organizations to withdraw their stake from an investment or business venture.

Union Wage Advantage

The higher wages earned by unionized workers compared to their non-union counterparts due to collective bargaining.

Misallocation

The inefficient distribution of resources, often leading to missed opportunities or wasted potential.