It Takes a Retailer Three Days to Process an Order

question 55

Multiple Choice

It takes a retailer three days to process an order and the supplier an additional five days to deliver ordered merchandise.The retailer should begin to order new merchandise ________.

• A) when the current inventory is at 15 units
• B) at least two days before the old inventory runs out
• C) at least eight days before the old inventory runs out
• D) at least ten days before the old inventory runs out

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Definitions:

Norms

Norms are shared expectations and rules that guide behavior of people within social groups, organizations, or cultures.

Productivity

The measurement of efficiency in which goods and services are produced, often evaluated in terms of output per unit of input.

Team-building

Activities and initiatives designed to enhance cohesion, cooperation, and performance of a team.

Data Analysis

The process of examining datasets to draw conclusions about the information they contain, often involving the application of statistical methods and computer software.