What is the full form of "ECR"?

A. Enclosed Credit Ratio

B. Equity Click Ratio

C. Effective Consumer Request

D. Efficient Consumer Response

Answer: Option D

Solution(By Examveda Team)

Efficient Consumer Response (ECR) is a joint trade and industry body working towards making the grocery sector as a whole more responsive to consumer demand and promote the removal of unnecessary costs from the supply chain.
There are four focus areas under ECR: demand management, supply management, enablers and integrators, which are intended to be addressed as an integrated set. These form the basis of the ECR Global Scorecard.