Strategic Retailing Goals Typically Focus On

question 42

Multiple Choice

Strategic retailing goals typically focus on:

• A)increasing total sales.
• B)increasing costs of goods sold.
• C)decreasing returns on equity.
• D)decreasing store traffic.

---

Definitions:

Materials Requirements Planning

A production planning and inventory control system used to manage manufacturing processes by determining material requirements.

Derived Demand

Demand for a commodity, service, etc., that is a consequence of the demand for something else; for instance, the demand for steel is derived from the demand for automobiles.

Just-In-Time

An inventory strategy that aligns raw-material orders from suppliers directly with production schedules to minimize stock levels.

EOQ

Economic Order Quantity; the ideal order quantity a company should purchase to minimize its inventory costs, including holding, shortage, and order costs.