A Producer Is Not Likely to Receive ____ from an Industrial

question 254

Multiple Choice

A producer is not likely to receive ____ from an industrial distributor.

• A) selling activities in local markets
• B) market information about consumers
• C) aggressive promotion of its brand
• D) reduced capital requirements
• E) a reduced financial burden from customers

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Definitions:

JIT

Just-In-Time is a management strategy that aligns raw-material orders from suppliers directly with production schedules to minimize inventory costs.

Supply-Chain Strategy

A plan for managing all aspects of a product's supply chain, from raw materials to distribution, to maximize efficiency, reduce costs, and enhance competitiveness.

Forward Contracts

Financial derivatives involving an agreement to buy or sell an asset at a predetermined future date and price.