Retail Exchanges Enable Buyers to Search for Merchandise by Vendor

question 54

Multiple Choice

Retail exchanges enable buyers to search for merchandise by vendor or type of product electronically,with buyers no longer wandering through trade shows and showrooms.Which of the following best describes this function?

• A) Pricing
• B) Selection
• C) Directory
• D) Content
• E) Collaboration

---

Definitions:

Fixed-Period Inventory System

An inventory control system where stock levels are checked at fixed intervals and orders are placed as needed to replenish supplies.

Fixed Quantity Inventory System

Inventory management strategy where a predefined quantity of product is ordered when stock falls to a certain level.

Stockout

A situation where the demand for a product exceeds its supply in inventory, resulting in an inability to meet customer demand.

Annual Holding Cost

the total expense incurred from storing and maintaining inventory over a year, including warehousing, depreciation, and insurance costs.