As a Means of Creating a Differential Advantage, Some Retailers

question 76

Multiple Choice

As a means of creating a differential advantage, some retailers have responded to their customers' needs by creating formats that emphasize low prices. Which of the following would fall into these formats?

• A) Radio Shack, Moores, and Tip Top Tailors
• B) Hudson's Bay, Sears, and Winners
• C) Target, Walmart, and Costco
• D) Sportchek, La Senza, and Canadian Tire
• E) Old Navy, Gap, and Banana Republic

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Definitions:

Kanban

A visual scheduling system that controls the logistical chain from a production point of view, aiming to improve manufacturing efficiency by limiting work-in-progress items.

Safety Stock

Additional inventory kept on hand to guard against stockouts caused by uncertainties in demand and lead-time.

Kanbans

A scheduling system for lean manufacturing and just-in-time (JIT) production that signals the need to move materials within a production facility.

Push Production

A manufacturing system where production is based on forecasted demand and items are produced and pushed to the next stage of the process regardless of actual demand.