The Computerized System Developed by the Grocery and Pharmaceutical Industry

question 10

Multiple Choice

The computerized system developed by the grocery and pharmaceutical industry to link chain members is:

• A) Efficient Computer Response (ECR)
• B) Efficient Computer Distribution (ECD)
• C) Electronic Demand Distribution (EDD)
• D) Computerized Check Out Systems (CCOS)

---

Definitions:

Isocost Line

A graph line that shows all possible combinations of inputs that can be purchased with a given total cost.

Slope

A measure of the steepness, incline, or grade of a straight line, calculated as the ratio of the vertical change to the horizontal change between two points on the line.

Capital

Resources, such as funds, equipment, and buildings, that are used in the production of goods and services.

Labor

Refers to the human effort, both physical and mental, used in the production of goods and services.