Which Benefits Does Efficient Supply Chain Management Provide Retailers Concerning

question 60

Multiple Choice

Which benefits does efficient supply chain management provide retailers concerning product availability?

• A)reduced stockouts and employee productivity
• B)reduced stockouts and tailored assortments
• C)increased stock level and tailored assortments
• D)increased backup stock level and reduced stockouts
• E)tailored assortments and right pricing levels

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Definitions:

Petty Cash System

A method used by businesses to manage small, daily expenses, involving a small store of cash on hand.

Cash Payments

Financial activities that result in the spending of cash to fulfill debts or acquire products and services.

Bank Reconciliation

The process of matching and comparing figures from accounting records against those shown on a bank statement to ensure they are in agreement.

Journal Entries

Records that document financial transactions in an accounting system, indicating the accounts and amounts to be debited and credited.