A Business Strategy Designed to Reduce Inventory and Shorten the Cycle

question 2

Multiple Choice

A business strategy designed to reduce inventory and shorten the cycle time for a product to be made,distributed,and sold.

• A)Electronic data interchange
• B)Point of Sales
• C)Quick Response
• D)Universal Product Code

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Definitions:

Positive Punishment

An operant conditioning principle where a response is followed by a stimulus, leading to a decrease in the likelihood of that response occurring in the future.

Negative Reinforcer

A stimulus whose removal or avoidance following a behavior increases the likelihood of that behavior being repeated in the future.

Stockbroker

A financial professional who buys and sells stocks and other securities for clients, typically in exchange for a fee or commission.

Reduces Stress

The effect of lowering psychological or physiological strain or tension typically through various strategies or interventions.