1. As a new retailer, how would you research the attributes of a specific supplier?
2. Why is inspection and sampling necessary for some categories of products being supplied to a retailer?
3. What type of retailer would tend to take advantage of an opportunistic buying situation?
4. Distinguish betweenlogisticsandinventory management.Give an example of each.
5. What is vendor-managed inventory? How do both manufacturers and retailers benefit from it?