Use of a ____ Is Most Advantageous Where Geographic Concentration

question 40

Multiple Choice

Use of a ____ is most advantageous where geographic concentration exists within a company.

• A) regional buying group
• B) business unit leader
• C) corporate purchasing council
• D) corporate steering committee
• E) None of these choices.

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Definitions:

Just in Time (JIT)

A production methodology aimed at reducing flow times within production systems as well as response times from suppliers and to customers.

Quick Response (QR)

A technology that uses barcodes to provide instant access to information via a smartphone scan, often used for marketing, payment, or product information.

Fashion Clothing

Apparel designed and marketed to reflect current trends, styles, and aesthetics in the fashion industry.

Strategic Relationship

A partnership or alliance between two or more entities to pursue a set of agreed upon objectives while remaining independent organizations.