A retailer seeks to acquire and maintain a proper assortment of merchandise while ensuring that operations are efficient and effective in ________.
A) retail operations
B) just-in-time (JIT) inventory planning
C) store maintenance
D) inventory management

Question

Quizplus · Accepted Answer

Acquiring and maintaining a proper assortment of merchandise while ensuring efficient and effective operations involves inventory management, which includes strategies for stocking and tracking merchandise to meet customer demand while minimizing costs and waste. Retail operations, just-in-time inventory planning, and store maintenance are all important components of effective inventory management, but D is the best choice as it encompasses all of these elements.

A Retailer Seeks to Acquire and Maintain a Proper Assortment