An Approach to Managing the Assortment of Merchandise in Which

question 428

Multiple Choice

An approach to managing the assortment of merchandise in which a manager 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)capacity management
• B)product management
• C)retail inventory management
• D)category management
• E)automated inventory control

---

Definitions:

Power

The rate at which electrical energy is transferred by an electric circuit.

Time

The ongoing and continuous sequence of events that occur in succession, from the past through the present to the future.

Capacity

The maximum amount or volume something can contain or produce, often used in contexts like battery storage, production capabilities, or load bearing.