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Wal-Mart Transmits Information Electronically Each Day to Wrangler Jeans About

question 66

Multiple Choice

Wal-Mart transmits information electronically each day to Wrangler jeans about unit sales of this product in its retail outlets so that Wrangler can replenish Wal-Mart's inventory on an as-needed basis.What term describes this function?


Definitions:

Breakeven

The point at which costs or expenses and income are equal, and there is no net loss or gain.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; a percentage of the cost price.

Breakeven

A financial situation where revenue equals costs, resulting in neither profit nor loss.

Mark-up

The margin calculated by subtracting the cost of a product or service from its sale price, then dividing by the cost, expressed as a percentage.

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