Perishable inventory requires ______.
A. heating and newspapers
B. well-designed and highly accurate forecasting
C. entities that can be converted, digitalized and stored
D. none of the above
Answer: B. well-designed and highly accurate forecasting
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Which of the following buys excess inventory of unsold airline tickets and then resells the tickets at discounted prices?
A. intermediaries B. franchises C. consortiums D. consolidators
Melissa and Joanna want to maintain a strong competitive advantage in the organic clothing industry. They have had meetings with you and have decided to maintain their current direction of continuing to produce new items targeted at new markets, such as children's clothing, in addition to the women's clothing items that were originally designed and produced by the company. Given the information in this scenario, which of the fundamental success drivers are they most likely using?
A. planning B. innovation C. quality D. organizing E. cost competitiveness