________ Is the Sharing of Forecasts and Related Business Information

question 52

Multiple Choice

________ is the sharing of forecasts and related business information between retailers and vendors to improve supply chain efficiency and product replenishment.

• A) Automated replenishment system
• B) Universal Product Code (UPC) system
• C) Electronic data interchange (EDI) system
• D) Point-of-sale (POS)
• E) Collaborative planning, forecasting, and replenishment (CPFR)

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Definitions:

Theory X

A management theory assuming that employees are inherently lazy and will avoid work if possible, necessitating control and coercion by management.

Subordinates

Employees or team members who are ranked lower in a chain of command or hierarchy within an organization.

Self-motivated

Having the personal drive or inner willingness to undertake activities without external encouragement.

Maslow's Hierarchy

A framework for understanding human motivation based on a progression of needs, ranging from physiological, safety, love/belonging, esteem, to self-actualization.