Efficient Consumer Response Was Initially Developed in the 1990's for the Following

question 25

Multiple Choice

Efficient Consumer Response was initially developed in the 1990's for the following industry:

• A)Fashion
• B)Grocery
• C)Small Electronics
• D)Automobile

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Definitions:

Poor Prediction Rate

The occurrence of low accuracy in forecasting future events, outcomes, or behaviors, often due to inadequate information or model flaws.

Ability Test

An assessment used to measure specific skills or competencies, often related to intellectual or physical capabilities.

Selection Procedures

The processes and methods used by organizations to assess and choose candidates for employment.

Validity

The degree to which a test or selection procedure measures a person’s attributes.