Which of the Following Is a Just-In-Time Strategy That Helps

question 154

Multiple Choice

Which of the following is a just-in-time strategy that helps in reducing the time a retailer must hold products in the inventory?

• A)Lateral partnership
• B)Quick-response merchandising
• C)Symbiotic merchandising
• D)Vertical strategic alliance

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Definitions:

Middle-Upper Income

Refers to individuals or households that possess income levels above the national median but below the wealthiest segment of society.

Functional Benefits

The practical or useful aspects of a product or service that meet the basic needs of the user.

Country of Origin

The country where a product was manufactured or a brand was originally established, often influencing consumer perceptions and preference.

Extended Self

is a concept depicting how individuals incorporate possessions or objects into their self-concept, seeing these items as part of their identity.