Robert Is in the Printing Business and Needs to Buy

question 15

Multiple Choice

Robert is in the printing business and needs to buy a ream of printer paper for his old printer in order to meet extensive demand this season.For Robert,the purchase of printer paper requires _____ decision making.

• A)selective
• B)limited
• C)extensive
• D)routine

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Definitions:

VMI

Vendor Managed Inventory, a supply chain practice where the supplier manages inventory levels for the customer.

CRM

Customer Relationship Management, a strategy for managing an organization's relationships and interactions with customers and potential customers.

FAIS

Stands for Fully Automated Installations System, but if this is not accurate, there might be different interpretations or it could be a less known or colloquial term.

TPS

Transaction Processing System (TPS) refers to a type of information system that collects, stores, modifies, and retrieves the transactions of an organization.