Examlex
The text states that "geodemographic segmentation can be particularly useful for retailers." Use a local retailer to describe how geodemographic segmentation could be useful.
Value Chain Management
The process of organizing all activities involved in creating and delivering a product or service to maximize value and competitive advantage.
Input-through-output Process
A method or procedure in which inputs are transformed into outputs through a series of steps or activities, often in a production or operational context.
Inventory Control
The supervision of supply, storage, and accessibility of items to ensure an adequate supply without excessive oversupply.
Economic Order Quantity
A formula used in supply chain management to determine the optimal order size that minimizes the sum of ordering and holding costs.
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