Efficient Consumer Response System Refers to

question 222

Multiple Choice

efficient consumer response system refers to

• A) an order replenishment system that maintains a 10 percent inventory rate at all times in order to guarantee there will never be stockouts.
• B) an online virtual inventory storage program that allows firms to enter in minute-by-minute information in order to avoid stockouts due to unforeseen environmental forces.
• C) a computer program that allows even the smallest manufacturer to manage its inventory system.
• D) an inventory management system that is designed to reduce the retailer's lead time for receiving merchandise, which then lowers its inventory investment, improves customer service levels, and reduces logistics expense.
• E) an exclusive contractual agreement between delivery services such as FedEx or UPS to deliver expedited orders at a special low rate, regardless of the day and time.

Differentiate between effective and ineffective follower characteristics that influence leadership.

Understand the concept of different types of intelligence and their relevance to leadership and management.

Understand the concept of narcissism and its impact on leadership and personal development.

Identify the characteristics and applications of different types of intelligence and their relevance to professional success.

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Definitions:

Seating Arrangement

The planned organization of seats in a space, such as an office, classroom, or event venue, aimed at facilitating interaction, visibility, or access.

Mode of Delivery

Refers to the method or approach used to convey information, messages, or goods from one party to another, encompassing both physical and digital channels.

Storytelling Approach

A method of presenting information through narrative, using stories to engage the audience and convey messages more effectively.

Indirect Approach

A strategy or method in which the main point is not addressed directly but instead arrives at through circumlocution or by addressing related topics.