From the Retailer's View,___________ Reduces the Retailer's Supply Chain Costs

question 61

Multiple Choice

From the retailer's view,___________ reduces the retailer's supply chain costs and investment because the vendor assumes the costs and risks of shipping the product to the customer.

• A) drop-shipping
• B) cross-docking
• C) outsourcing
• D) third party logistics
• E) vendor-managed inventory

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Definitions:

Monopolist

An individual or entity that is the sole provider of a particular good or service in the market, possessing significant control over pricing and supply.

Profit

The surplus amount after all expenses are deducted from the total income generated by a business or investment.

Price Discrimination

Charging different prices to different buyers for identical products.

Perfectly Price Discriminate

A situation where a seller charges each buyer their maximum willingness to pay, capturing all consumer surplus as profit.