Walmart's Automatic Inventory Replenishment System, Which Enables the Company to Reduce

question 84

Multiple Choice

Walmart's automatic inventory replenishment system, which enables the company to reduce inventory storage requirements, is an example of which strategy for competitive advantage?

• A)Cost leadership
• B)Differentiation
• C)Innovation
• D)Operational effectiveness
• E)Customer-orientation

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Definitions:

Evaluative Criteria

Standards or benchmarks that consumers use to judge the merits of competing options.

Attitude Choice

The process by which individuals form judgments and preferences based on their feelings and beliefs towards an object or situation.

Mobile Payments

Transactions made for goods or services through a mobile device, such as a smartphone or tablet.

System

A set of interconnected elements or parts that work together as a whole for a common purpose or function.