Long-Term Memory (LTM)contains Images That Can Include Verbal Labels or Visual

question 4

Essay

Long-term memory (LTM)contains images that can include verbal labels or visual representations.Compare and contrast the effects that these two sources of information have on memory by answering the following questions:
a.What sort of memory errors would you expect when verbal labels are stored? Visual representations?
b.Why would it be beneficial to have both forms of information in LTM?

---

Definitions:

Bullwhip Effect

The phenomenon where variations in demand cause increasingly larger fluctuations in the supply chain, often leading to inefficiency and excess inventory.

Vendor Managed Inventory

A supply chain agreement where the supplier assumes the responsibility of managing inventories and stock replenishment for the customer.

Continuous Replenishment Systems

A logistical strategy whereby inventory is continuously monitored and replenished to maintain optimal levels at all times.

VMI System

A collaborative strategy where suppliers take responsibility for managing inventory levels at the customer's site, often improving supply chain efficiency and reducing stocking costs.