The purchase criteria of having products available when they are needed by customers is called _________.Multiple Choicequalityvarietytimelinessservice
Question
The purchase criteria of having products available when they are needed by customers is called _________.
Multiple Choice
- quality
- variety
- timeliness
- service
Solution
The purchase criterion that focuses on having products available when they are needed by customers is called timeliness.
Explanation
Timeliness refers to the importance of product availability in relation to customer demand and satisfaction. In a competitive market, ensuring that products are available at the right moment can greatly enhance customer experience and loyalty. Companies that excel in timeliness often implement effective inventory management systems, just-in-time (JIT) production strategies, and logistical efficiencies to ensure that they meet customer demands without unnecessary delays. This aspect is crucial as it can significantly influence purchasing decisions, customer retention, and overall business success.
Thus, the correct option in this multiple-choice question is timeliness.
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