The need to place an order for inventory is specified by the

A) company inventory policies.
B) economic order quantity.
C) stockout point.
D) reorder point.

Answer: D) reorder point.

Business

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One reason U.S. companies are looking globally for incremental sales growth opportunities is that over two-thirds of the world's purchasing power is outside of the U.S.

a. true b. false

Business

Stores are using ________ to measure a product's handling costs from the time it reaches the warehouse until a customer buys it in the retail store

A) electronic data interchange (EDI) B) direct product profitability (DPP) C) radio-frequency identification (RFID) D) global positioning systems (GPS) E) compounded annual grown rate (CAGR)

Business