An Approach to Managing the Assortment of Merchandise in Which

question 219

Multiple Choice

An approach to managing the assortment of merchandise in which a manger is assigned the responsibility for selecting all products that consumers in a market segment might view as substitutes for each other, with the objective of maximizing sales and profits in the category, is referred to as _________.

• A)efficient consumer response
• B)automatic reordering
• C)retail inventory management
• D)category management
• E)autocratic inventory control

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Definitions:

Construction

The process of building or assembling infrastructure, including the planning, design, and financing, continuing until the project is ready for use.

Food Services

The industry which includes all establishments that prepare and serve food and beverages to customers.

Standard of Living

The degree of wealth, comfort, material goods and necessities available to a person, group, or society.

Discouraged Workers

Refers to individuals who have stopped looking for work because they believe no jobs are available for them.