A steel manufacturing company that follows a low-cost leadership strategy does not accept any product returns from its customers. The company's "no-return" policy aims to ________.
A)effectively track inventories
B)streamline financial workflows
C)increase the sale of its products
D)reduce supply chain costs

Question

Quizplus · Accepted Answer

A "no-return" policy helps to reduce supply chain costs by eliminating the need to handle and process returned products, which can be costly and time-consuming. It also encourages customers to be more careful about their orders, which ultimately reduces the number of returns, and helps the company maintain its low-cost leadership strategy.

A Steel Manufacturing Company That Follows a Low-Cost Leadership Strategy