In a Retail Environment,rather Than Build Inventories of Merchandise That

question 7

Multiple Choice

In a retail environment,rather than build inventories of merchandise that might sit for months before selling (or worse,never sell at all) ,retailers using ________ replenish their inventories constantly on an as-needed basis.

• A)electronic inventory process
• B)electronic consumer behavior
• C)efficient consumer response (ECR)
• D)None of the above

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Definitions:

Resources

Resources are assets, materials, or other valuables that can be utilized to achieve goals, conduct operations, or solve problems.

Functionalism

A theoretical framework in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Social Stability

The state of societal consistency and predictability, where social structures, institutions, and relationships remain relatively unchanged over time.

Microsociological

Pertaining to the study of individual and interpersonal behavior and interactions within small groups.