Which of the Following Is Not a Benefit of "Quick

question 46

Multiple Choice

Which of the following is not a benefit of "quick response" for retailers?

• A) Reduced dependency on forecasts
• B) Reduced transportation costs
• C) Reduced inventory holding costs
• D) Better match between supply and demand
• E) All of the choices are benefits

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Definitions:

Individual Consumer Surplus

The net gain to an individual buyer from the purchase of a good; equal to the difference between the buyer’s willingness to pay and the price paid.

Selling Haircuts

The commercial activity of providing hair cutting and styling services to customers for a fee.

Efficiency

The degree to which resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.

Equity

Fairness or justice in the way people are treated or in the distribution of resources, or ownership interest in a company or property.