Logistics refers to
A) an inventory management system where the supplier determines the product amount and assortment a retailer needs and automatically delivers the appropriate items.
B) mathematical formulas and calculations used in determining product volume and demand in order to generate the greatest revenue at the lowest cost.
C) the sequence of firms that performs activities required to create and deliver a product or service to ultimate consumers or industrial users.
D) activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost.
E) a specialized intermediary in the distribution chain responsible for the coordination of all production schedules.
Correct Answer:
Verified
Q215: As it relates to the definition of
Q216: Logistics management refers to
A) the practice of
Q217: A refusal to deal with existing channel
Q218: Activities that focus on getting the right
Q219: A marketing channel relies on _ to
Q221: IBM built a single _ that would
Q222: An invaluable component of supply chain management
Q223: In the automobile industry, the carmaker's _
Q224: Responsive supply chains
A) use slower modes of
Q225: Customers currently link to Cisco's website to
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