Leading "big-box" stores, such as Walmart and Target, now dominate the retail scene. However, even "small-box" stores like Dollar General, are thriving in the current economic environment. All three retailers are considered ________
A) convenience stores
B) discount stores
C) full-service retailers
D) designer shops
E) specialty stores
B
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Explain the concept of the supply chain
What will be an ideal response?
Standard costing is typically an inexpensive component to add to a company's existing cost accounting system
Indicate whether the statement is true or false
Kristin offers to sell land to Ian for $5,000. Ian says that $5,000 is too much but he will pay
$4,000. Kristin says no. Two days later, Ian accepts Kristin's original offer. Which of the following best describes this situation? A) Ian made a counteroffer, but Kristin's offer may still be accepted. B) Kristin may now accept Ian's counteroffer. C) Ian made a counteroffer, which terminated Kristin's offer. D) There is now a valid contract between Kristin and Ian.
________ measures the average time between when an order is placed and the product arrives
A) Supplier reliability B) Supply lead time C) Fraction of on-time deliveries D) Supply quality