Ace Hardware,IGA,and Guardian Drugs Are Examples Of

question 41

Multiple Choice

Ace Hardware,IGA,and Guardian Drugs are examples of:

• A)Corporate chains
• B)Cooperative marketing systems
• C)Contractual systems
• D)Regional shopping centres

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Definitions:

Just-in-Time Inventory (JIT)

A supply chain management strategy aimed at reducing inventory costs and waste by receiving goods as they are needed in the production process.

Minimize Inventory

A strategy aimed at reducing the amount of inventory to lower storage costs and reduce the risk of stock obsolescence.

Work-in-Process

Inventory items that are in the production process but are not yet completed products.

Parts

Components or pieces that can be combined or assembled to build or repair something.