Is a Retail Business Strategy That Involves Using Supply Chain

question 52

Multiple Choice

is a retail business strategy that involves using supply chain management process to introduce fashionable merchandise rapidly and respond to customer demand for the merchandise quickly.

• A) Just in time delivery
• B) Lightening logistics
• C) Consumer direct fulfillment
• D) Fast fashion
• E) Quick response

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Definitions:

Transfer Price

The cost at which various units within the same corporation sell goods and services to each other.

Idle Capacity

The unused portion of a company's production capacity, where resources such as space, labor, or equipment are underutilized.

Contribution Margin

The amount of revenue remaining after deducting variable costs, contributing to covering fixed costs and profit.

Standard Sensor

A predefined device used to detect or measure physical properties.