H&M Has Adopted the Inventory Management System That Delivers Less

question 74

Multiple Choice

H&M has adopted the inventory management system that delivers less merchandise on a more frequent basis than in traditional inventory systems.The firm gets the merchandise just in time for it to be used in the manufacture of another product or for sale when the customer wants it.This is an example of a ___________ inventory system.

• A) cross-docking
• B) quick response (QR)
• C) UPC
• D) EDI
• E) lead time

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Definitions:

Treaties

Formal agreements between two or more sovereign states that are governed by international law.

Reserved Powers

Reserved powers refer to the authorities and rights not explicitly granted to the federal government by the Constitution, therefore reserved for the states and the people, as outlined in the Tenth Amendment of the United States Constitution.

Tenth Amendment

An amendment to the United States Constitution stating that the powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people.

Defense of Marriage Act

A federal law enacted in 1996 that defined marriage as the union between one man and one woman, denying federal recognition of same-sex marriages until it was ruled unconstitutional in 2013.