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Firms Such as Forever 21 and H&M Have Adopted a Just-In-Time

question 55

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Firms such as Forever 21 and H&M have adopted a just-in-time (JIT)or quick response (QR)inventory system. Why is this type of inventory especially valuable in a market like fashion clothing?


Definitions:

Hippocampus

A brain structure involved in forming, organizing, and storing memories.

Memory

The cognitive function that allows for the encoding, storage, and retrieval of information, experiences, or skills acquired over time.

Hunger

A physiological state signaling the body's need for food, linked to the sensation of emptiness in the stomach.

Corpus Callosum

A wide strip of neural fibers that connects the two halves of the brain.

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