Another Name for Quick Response Systems Is _________

question 70

Multiple Choice

Another name for quick response systems is _________.

• A)order replenishment systems
• B)alacrity systems
• C)minimum-inventory systems
• D)efficient consumer response systems
• E)web-based response systems

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Definitions:

Market Structure

The organizational and other characteristics of a market, influencing the level of competition and pricing within the market.

Oligopoly

A market structure in which a few firms sell either a standardized or differentiated product, into which entry is difficult, in which the firm has limited control over product price because of mutual interdependence (except when there is collusion among firms), and in which there is typically nonprice competition.

Innovate

The act of introducing new ideas, devices, or methods to improve productivity, efficiency, or creating new products or services.

Innovation

The process of introducing new ideas, devices, or methods, often leading to technological progress or improved solutions.