Today's large, progressive wholesalers have successfully reacted to rising costs by ________.

Question

Quizplus · Accepted Answer

Investing in information technology systems can help wholesalers increase efficiency and reduce costs in areas such as inventory management, order processing, and logistics. This is a more proactive measure than simply reducing markup rates or promotional activities, which could potentially hurt profits and the competitiveness of the wholesaler. Relocating to low-rent, low-tax areas or investing less money in expensive machinery may not be feasible or may not address all of the rising costs that the wholesaler faces.

Today's Large, Progressive Wholesalers Have Successfully Reacted to Rising Costs