Prior to Establishing a Quick Response (QR)inventory Planning System,suppliers Need

question 26

Multiple Choice

Prior to establishing a quick response (QR) inventory planning system,suppliers need to rethink their ________.

• A) credit terms and quantity discount schedule
• B) quantity discount schedule and minimum order sizes
• C) purchase prices and minimum order sizes
• D) credit terms and minimum order sizes

---

Definitions:

Financial Information

Data relating to the financial status, performance, and changes in financial position of an entity.

Revenues

The cumulative income derived from transactions involving goods or services tied to the main business functions.

Expenses

Costs incurred by a business in the process of earning revenue, which are not directly tied to the production of goods or services.

Accounting Standard-Setting Body

An organization that establishes benchmarks or rules for preparing and presenting financial statements and other related accounting practices.