To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

Related MCQs

• The four elements; channels of distribution, transportation, warehousing and inventory constitute ______________.
• In which method does the net profits will increase when additional salespeople are added, If the increase in the amount of sales revenue exceed the incremental costs?
• Companies engage in sales training to:
• The strategy of using as many outlets as possible is called ______________.
• Which of the following statements about sales force management is true?
• Sales and Distribution Management majorly focuses on the___________ aspect of an organization.
• From management's point of view, what is the advantage of a straight salary compensation plan?
• The three major tasks involved in the implementation stage of the sales management process are:
• If a company chooses to employ its own sales force, the three organizational structures it may use are:
• The major disadvantage of a multichannel system is that it is harder to control and it can generate ________.