Which Inventory Management System in Retailing Corresponds to a Just-In-Time

question 93

Multiple Choice

Which inventory management system in retailing corresponds to a just-in-time inventory management system?

• A) computer-based UPC scanning
• B) quick response (QR) inventory planning
• C) automatic reordering
• D) economic order quantity

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Definitions:

Compounded Annually

Interest calculated once per year, where the interest of one period is added to the principal for calculation of the next period's interest.

Constant Growth Annuity

An investment or financial product that provides a series of payments that grow at a constant rate for a specific period of time.

Loan

Money borrowed that is expected to be repaid with interest.

Compounded Annually

Interest calculation method where the interest is added to the principal sum once a year, so each year’s interest earnings are based on the principal plus the accumulated interest.