A business strategy designed to reduce inventory and shorten the cycle time for a product to be made,distributed,and sold.
A)Electronic data interchange
B)Point of Sales
C)Quick Response
D)Universal Product Code

Question

Quizplus · Accepted Answer

Quick Response (QR) is a business strategy aimed at reducing inventory and shortening the cycle time for a product to be made, distributed, and sold. It involves using technology to share data and collaborate with suppliers, distributors, and retailers to quickly respond to customer demand and make production and delivery processes more efficient. Electronic data interchange (EDI) and Universal Product Code (UPC) are related technologies that support QR, while Point of Sales (POS) refers to the location where customers can purchase goods or services.

A Business Strategy Designed to Reduce Inventory and Shorten the Cycle