Which Inventory Management System Results in Longer-Term Retailer-Vendor Relationships and Frequent

question 3

Multiple Choice

Which inventory management system results in longer-term retailer-vendor relationships and frequent reordering?

• A)computer-based UPC scanning
• B)automatic recording
• C)quick response inventory planning
• D)economic order quantity

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Definitions:

WTO

The World Trade Organization; an intergovernmental organization that regulates international trade.

Trade Barriers

are government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and regulations.

Protect Human

A principle or practice aimed at safeguarding individuals' rights, well-being, and dignity in various contexts, including employment and social interactions.

WTO Country

A country that is a member of the World Trade Organization, committing to follow the rules and agreements established by this global international organization.