Walmart Has Developed a Sophisticated Inventory Management and Cost Control

question 49

Multiple Choice

Walmart has developed a sophisticated inventory management and cost control system that allows rapid price changes for each product in the store.The firm also uses technologies such as ________ to improve the quality of information available about products.

• A)radio frequency identification
• B)encapsulation techniques
• C)bar code scanners
• D)nanotechnology
• E)cookies

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Definitions:

Periodic Tenancy

A lease that automatically renews at the end of each rent payment period until notice to terminate is given.

Tenancy at Will

A lease agreement that can be terminated at any time by either the landlord or the tenant without any prior notice.

Notice to Quit

A formal declaration often used in real estate to notify a tenant that they must leave the property by a specified date.

Leasehold Interest

The interest that a tenant possesses in the property they lease, including rights to use and occupy the property.