Saks fifth avenue employs a quick response system to

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10.Saks Fifth Avenue employs a quick response system to order fast-moving fashion items. Saks' point-of-sales scanner records each sale. When stock falls below a minimum level, the system automatically sends an electronic order to the vendor (e.g., Donna Karan), which processes the order within 48 hours. This system has effectively reduced _____. Student ResponseValueCorrect AnswerFeedbackA. product flow0%B. supply lag0%C. lead time100%D. logistical lag0%E. customer response cycle0%
General Text page 430
Feedback:A) This is not an actual marketing term. B) This is not an actual marketing term. C) This is not an actual marketing term. D) This is not an actual marketing term. E) Lead time is the lag from ordering an item until it is received and ready for use or sale. It is also referred to as order cycle time or replenishment time.
Score:1/1View Attempt 2 of 3 Title:MAR 3023 Quiz07Started:March 24, 2008 1:25 PMSubmitted:March 24, 2008 1:38 PMTime spent:00:13:41 Total score:10/10 = 100%Total score adjusted by 0.0 Maximum possible score: 10 1.Mike is an avid musician who opened a new music store called MP3s a few years ago. Since then Mike has become much more knowledgeable about the business and has decided to launch his own record label in order to have more control over the music that he sells in his stores. This is an example of what?
General Feedback:Lecture page 84
Score:1/1

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