Ted Is Glad His Company Finally Converted to an RFID

question 101

Multiple Choice

Ted is glad his company finally converted to an RFID system.Now,he no longer needs to go through all the new goods to make sure what they ordered was what they received.Ted is responsible for __________ in his company.

• A) checking
• B) dispatching
• C) receiving
• D) JIT
• E) quick response

Understand the evolution and control shifts in supply chains.

Understand the factors that determine a manufacturer's participation in marketing channel functions.

Know the different types of distribution strategies and their applications.

Recognize the role and characteristics of retailers within the supply chain.

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Definitions:

Trade Deficit

The economic condition that arises when a country imports more goods and services than it exports.

Unfair Trade Practices

Business activities deemed unjust, deceptive, or fraudulent that can affect fair competition in the market.

Self-Sufficiency

The ability of an individual or economy to meet all its needs without external assistance.

Balance of Trade

The variance between what a country spends on imports and earns from exports during a certain timeframe.