After Installing an Electronic Data Interchange,Carmella's Gift Shop Was Able

question 46

Multiple Choice

After installing an electronic data interchange,Carmella's gift shop was able to reduce _______,the amount of time between the recognition that an order needs to be placed and the arrival of the needed merchandise.

• A) quick time
• B) the advance notice
• C) lead time
• D) float time
• E) supply chain conflict time

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Definitions:

Effective Offer

A proposal in contract law that is specific, communicates intent to be bound by acceptance, and has terms that are clear and capable of acceptance.

Authorized Method

A technique or procedure that has been officially approved for use by a governing body or organization.

Invalid Offer

An offer that cannot be legally accepted due to its failure to meet certain essential elements or because it involves activities contrary to law.

Counteroffer

An offeree’s response to an offer in which the offeree rejects the original offer and at the same time makes a new offer.