Your BargainSmartphones

question 2

Multiple Choice

Your BargainSmartphones.com website just isn't hitting the revenue targets you'd set at the beginning of the year. When you surveyed your customers, you found that most of them only buy an average of one new phone every two years. Your strategy for increasing revenues should probably focus on changing:

• A) the navigation menu.
• B) the product offering.
• C) the checkout form.
• D) the shipping charges.

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Definitions:

Safety Stock

An additional quantity of inventory kept on hand as a buffer against demand fluctuations or supply chain uncertainties.

Lead Time

The amount of time between the initiation and completion of a production process.

Safety Stock

A quantity of inventory kept on hand to protect against fluctuations in demand or supply.

Lead Time

The amount of time that elapses between the initiation of a process and its completion.