What System Is in Place When a Seller Determines How

question 108

Multiple Choice

What system is in place when a seller determines how much product a buyer needs and then automatically ships new goods to that buyer?

• A) customer relationship management
• B) vendor-managed inventory
• C) national account selling
• D) business-to-business alliance

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Definitions:

Economic Profit

The financial measurement between a company's aggregate earnings and its total costs, covering both explicit and hidden charges.

Output Level

The quantity of goods or services produced by a firm or economy in a certain period.

Nondiscriminating

A principle or practice that ensures equal treatment and opportunities for all, without biases or prejudices based on irrelevant characteristics.

Pure Monopolist

A single seller in a market with no close substitutes for its product, dictating the market terms and prices.