In Order for Quick Response (QR)inventory Planning to Be Effective,________

question 61

Multiple Choice

In order for quick response (QR) inventory planning to be effective,________.

• A) inventory ordering costs need to be low
• B) inventory holding costs need to be low
• C) electronic data interchange must not be functioning
• D) shipping costs must be reduced

---

Definitions:

Keynesians

Economists and followers of the economic theories proposed by John Maynard Keynes, emphasizing the importance of total spending in the economy and government interventions to stabilize economic cycles.

Laissez-Faire Policies

Economic stance that opposes the overregulation or interference of the government in free market operations.

Monetary Restraint

A policy used by central banks to slow down economic growth by raising interest rates or reducing the supply of money.

Aggregate Demand

The entire need for products and services within an economy at a specific aggregate price level during a certain time frame.