An Efficient Consumer Response System Refers to

question 83

Multiple Choice

An efficient consumer response system refers to

• A) an order replenishment system that maintains a 10 percent inventory rate at all times in order to guarantee there will never be stockouts.
• B) an online virtual inventory storage program that allows firms to enter in minute-by-minute information in order to avoid stockouts due to unforeseen environmental forces.
• C) a computer program that allows even the smallest manufacturer to manage its inventory system.
• D) an inventory management system that is designed to make the process of reordering and receiving products as simple as possible.
• E) an exclusive contractual agreement between delivery services such as FedEx or UPS to deliver expedited orders at a special low rate, regardless of the day and time.

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Definitions:

Prescribed Medications

Medicines that are given or recommended by a healthcare provider to treat or manage a specific medical condition.

Temper Tantrum

A Temper Tantrum is an emotional outburst, usually seen in young children, that can include crying, screaming, and aggressive behavior as a response to frustration or unmet needs.

Superego

A component of Sigmund Freud's personality theory that represents the ethical component, providing moral standards by which the ego operates.

Id

A component of the personality in Freud's psychoanalytic theory that is responsible for the instinctual and primitive behaviors.