Product Item Refers to

question 174

Multiple Choice

Product item refers to

• A)the variations within a product class.
• B)the entire product category or industry.
• C)a group of SKUs that are closely related.
• D)a specific product that has a unique brand, size, or price.
• E)the services offered by an organization.

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Definitions:

Value Chain Optimization

The process of increasing the efficiency and effectiveness of a value chain, involving activities that add value to a product or service from its conception to delivery to the consumer.

Logistics

The detailed coordination and implementation of complex operations, often referring to the movement and storage of goods from point of origin to point of consumption.

Electronic Data Interchange

A system that allows the transfer of information between organizations in a structured format, facilitating automatic processing and reducing manual errors.

ERP Systems

Integrated software platforms used by organizations to manage and automate many back office functions related to technology, services, and human resources.