What is lead time?
A) The amount of time it takes for a vendor to negotiate price with buyers
B) The time it takes for a new product to progress through the life cycle
C) The time from recognizing that an order needs to be placed and the point it arrives in the store ready for sale
D) The amount of time it takes to develop product assortment in the assortment planning process
E) The time it takes retailers to gain customer loyalty

Question

Quizplus · Accepted Answer

Lead time refers to the time it takes from recognizing that an order needs to be placed to the point the product arrives in the store ready for sale.

What Is Lead Time