A retailer seeks to acquire and maintain a proper assortment of merchandise while keeping ordering,shipping,handling,and other costs in check in _____.
A)retail operations
B)just-in-time inventory planning
C)store maintenance
D)inventory management

Question

Quizplus · Accepted Answer

Inventory management involves acquiring and maintaining a proper assortment of merchandise while controlling costs associated with ordering, shipping, handling, and other operational expenses. Just-in-time inventory planning may be a component of inventory management, but it is not a comprehensive approach to maintaining a proper assortment of merchandise. Store maintenance and retail operations are separate aspects of running a retail business.

A Retailer Seeks to Acquire and Maintain a Proper Assortment