Question: Assume that a company initiated a quick response program. a. What impact would the program have on the inventory balance and cash flow? b. What

Assume that a company initiated a quick response program.
a. What impact would the program have on the inventory balance and cash flow?
b. What impact would the program have on cost of goods sold, assuming that the firm used LIFO?

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a Quick response is used to optimize inventory levels in the value chain by electronically sharing common forecast inventory sales and payment information between manufacturers and merchandisers using the Internet or other electronic ... View full answer

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