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:

Interaction

The mutual or reciprocal action or influence between entities, substances, or people.

Prescription Drugs

Medications that legally require a medical prescription to be dispensed, due to their potential side effects, toxicity, or risk of misuse.

OTC Drugs

Over-The-Counter Drugs, medications that can be purchased without a prescription, used to treat common or minor ailments.

Herbal Remedies

Treatments derived from plants and their parts, used for medicinal purposes to prevent or cure diseases.