Exam 15: Implementing Merchandise

The processing of returns and damaged goods is part of _____.

A disadvantage to the use of quick response (QR)inventory planning is that a retailer may not have adequate alternative sources of supply.

Which inventory management system results in longer-term retailer-vendor relationships and frequent reordering?

In a formal buying organization,the most valuable source of information in implementing merchandise plans is _____.

Which inventory management system in retailing corresponds to a just-in-time inventory management system?

The sale of floor-ready merchandise by a supplier increases the responsibilities of the supplier beyond just providing the merchandise.

Which of the following does not enable a retailer to reduce its inventory levels?

A retailer and a supplier both utilize relationship marketing.Which merchandise source do they best illustrate?

Which of the following is not a merchandise source?

Which strategy is the opposite of direct store delivery?

Logistics is a narrower concept than inventory management.

A retailer can most effectively track consumer purchases through _____.

A supermarket's developing a system to handle returnable bottles is an example of reverse logistics.

Both consignment purchases and memorandum purchases enable a retailer to _____.

Which source of merchandise utilizes vertical integration by a retailer?

A retailer found that inventory shrinkage rates varied greatly by department,as well as by merchandise item within departments.The retailer should consider using _____.

Description buying is most frequently used for _____.

A paperless,computer-to-computer relationship between retailers and their vendors is _____.

A major advantage to a retailer's having a large inventory is the minimization of expenses associated with obsolescence and deterioration.

Customer requests for unstocked or out-of-stock merchandise are recorded in a(n)_____.