Which of the Following Is a Similarity Between Factory Outlets

question 25

Multiple Choice

Which of the following is a similarity between factory outlets and off-price retailers?

• A) Both sell at prices well below traditional department store prices.
• B) Both offer high levels of customized service to customers.
• C) Both follow an agile approach to inventory.
• D) Both carry multiple product lines that are considerably deep.

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Definitions:

Material Requirements

Specifications and quantities of materials needed to manufacture a product, often determined by detailed planning processes such as Material Requirements Planning (MRP).

Components

Individual parts or elements that make up a larger system, machine, or product, often interconnected to perform specific functions.

Quantity

The amount or number of a material or immaterial good considered as a unit or an aggregate.

Gross Requirements

Gross requirements in inventory management are the total demand for a component or product before any adjustments for on-hand inventory or scheduled receipts.