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Café da Manhã, a small café, enjoys business from many loyal customers. When there is news of another café opening in the next block, the management of the café decides to take action to preempt the competition. Which of the following actions by the management of Café da Manhã is most likely to ensure that its customers keep coming back to the café?
ABC Approach
A methodology used in inventory management and cost accounting that identifies and classifies items in order of importance, with A items being the most valuable.
Inventory Management
The process of ordering, storing, and using a company's inventory, including the management of raw materials, components, and finished products.
Inventory Cost
The total cost associated with holding and managing inventory, including purchase, storage, and obsolescence costs.
Just in Time
An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
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