Test Bank For Managing Supply Chains A Logistics Approach International Edition 9th Edition by Coyle
CHAPTER 2 TEST QUESTIONS
1.The utility created through the basic marketing activities is known as place utility.
2.Transportation is the physical movement or flow of goods.
3.During the 1990s and 2000s, logistics costs as a percentage of gross national product declined.
4.Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems.
5.Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are located close by the retail markets served. This is the logistics channel approach to logistics.
6.In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.
7.The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.
8.To hold down distribution cost, the lowest cost carrier should always be used.
9.The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect.
10.Ensuring the availability of the right product, in the right quantity, and the right condition, at the right place, at the right time, for the right customer at the right cost, is which definition of logistics?
Council of Logistics Management
Society of Logistic Engineers
supply chain logistics
There are no reviews yet.