A "Big Box" Retailer Is Trying to Deal with Pressures

question 22

Multiple Choice

A "big box" retailer is trying to deal with pressures on profit margins by minimizing costs of inventories while never being "out of stock" for their customers.The big box retailer will use the__________ quantitative approach.

• A)Network models
• B)Inventory analysis
• C)Queuing theory
• D)Linear programming
• E)Mathematical forecasting

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Definitions:

Food Substances

Components or ingredients used in the making of food, which can range from basic natural products to artificially produced compounds.

Vitamins

Organic compounds that are essential in small amounts for the body to maintain health, usually obtained through diet.

Organic Substances

Compounds that contain carbon and are found in living organisms.

Essential

Necessary; when referring to blood pressure, indicates an elevation without apparent cause.