Which of the Following Statements Is True About Continuous Replenishment

question 66

Multiple Choice

Which of the following statements is true about continuous replenishment program (CRP) ?

• A)It is used as a tool for market segmentation.
• B)It reduces the cost of producing goods.
• C)It is a part of efficient consumer response.
• D)It increases inventories at the retail side.

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Definitions:

Public Good

A good that is non-excludable and non-rivalrous, meaning that its consumption by one individual does not reduce availability to others.

Benefits

Advantages or gains that are derived from a specific action, policy, or product, including intangible and tangible outcomes.

Excludable

A characteristic of a good or service that means it is possible to prevent people who have not paid for it from having access to it.

National Defense

The protection and defense of a country's interests, territories, and citizens, usually handled by the military and defense agencies.