Asked by Huseyin Baykal on May 01, 2024
Verified
________ are forms of promotion that facilitate shopping.
A) Electronic signs
B) Coupons
C) Large stocks of popular national brands
D) Quick response and just-in-time delivery systems
E) Extreme value offers and specialty share of the wallet programs
Quick Response
A strategy or system aimed at increasing efficiency and reducing response times, often used in supply chain management and manufacturing.
Just-in-time Delivery
A supply chain management strategy aimed at reducing inventory costs by receiving goods only as they are needed in the production process.
Extreme Value Offers
Promotions or sales offering products or services at exceptionally low prices, often to attract a significant number of customers or clear out inventory.
- Understand the significance of retail mix and the role of promotion within retail.
Verified Answer
Learning Objectives
- Understand the significance of retail mix and the role of promotion within retail.
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