Question 1

Dual distribution refers to an alliance that allows customers to purchase products from two or more name-brand retailers at one store location.

Accepted Answer

A) True 
 B)False

Question 2

Postponement is the delay of value-added activities such as assembly, production, and packaging to the latest possible time.

Accepted Answer

A) True 
 B)False

Question 3

List and discuss the advantages and disadvantages of charging the customer for home delivery if they are unable to carry the Super Gym home.

Accepted Answer

Perhaps the one advantage to charging fo

Question 4

In mass logistics, groups of customers with similar logistical needs and wants are provided with logistics services appropriate to those wants and needs.

Accepted Answer

A) True 
 B)False

Question 5

The most costly logistics activity in many firms is ____

Accepted Answer

A)  industrial packaging 
B)  transportation management 
C)  order management 
D)  warehousing management 
A)  industrial packaging 
B)  transportation management 
C)  order management 
D)  warehousing management

Question 6

Disintermediation refers the removal of intermediaries between producer and consumer.

Accepted Answer

A) True 
 B)False

Question 7

There is no linkage between the promotions and logistics channels.

Accepted Answer

A) True 
 B)False

Question 8

Reductions in economic regulation allowed individual transportation companies flexibility in pricing and service.

Accepted Answer

A) True 
 B)False

Question 9

The key to the total cost approach is that all relevant cost items are considered simultaneously when making a decision.

Accepted Answer

A) True 
 B)False

Question 10

It is better for a logistics manager to be a generalist rather than a specialist.

Accepted Answer

A) True 
 B)False

Question 11

Logistical decisions tend not to be impacted by marketers' growing emphasis on offering sustainable products.

Accepted Answer

A) True 
 B)False

Question 12

Many promotional decisions, such as pricing campaigns that lower the price of certain items, require close coordination between marketing and logistics.

Accepted Answer

A) True 
 B)False

Question 13

Logistics is only concerned with forward flows, that is, those directed towards the point of consumption.

Accepted Answer

A) True 
 B)False

Question 14

Logistics clearly contributes to ___________ and ___________ utility.

Accepted Answer

A)  time; place 
B)  form; time 
C)  place; form 
D)  possession; time 
E)  none of the above 
A)  time; place 
B)  form; time 
C)  place; form 
D)  possession; time 
E)  none of the above

Question 15

A cost trade-off is a situation where:

Accepted Answer

A)  all costs react according to their individual degrees of inflation in the economy 
B)  all costs are reflected as a percentage variation from standard costs 
C)  some costs increase and some costs decrease 
D)  some costs are eliminated by efficient management controls 
A)  all costs react according to their individual degrees of inflation in the economy 
B)  all costs are reflected as a percentage variation from standard costs 
C)  some costs increase and some costs decrease 
D)  some costs are eliminated by efficient management controls

Question 16

Interfunctional logistics attempts to coordinate materials manage?ment and physical distribution in a cost efficient manner that supports an organization's customer service objectives.

Accepted Answer

A) True 
 B)False

Question 17

Landed costs refer to:

Accepted Answer

A)  the costs of a product shipped via surface transport 
B)  the costs of a product that is quoted cash on delivery (CO
D)  
C)  the costs of a prepaid shipment 
D)  a price that includes both the cost of the product plus transportation to the buyer 
A)  the costs of a product shipped via surface transport 
B)  the costs of a product that is quoted cash on delivery (CO
D)  
C)  the costs of a prepaid shipment 
D)  a price that includes both the cost of the product plus transportation to the buyer

Question 18

The ____ concept suggests that the customer desires a product offering that is highly tailored to the customer's exact preferences.

Accepted Answer

A)  market demassification 
B)  relationship marketing 
C)  customized customer 
D)  niche marketing 
A)  market demassification 
B)  relationship marketing 
C)  customized customer 
D)  niche marketing

Question 19

Which channel covers the movement of title to the goods?

Accepted Answer

A)  promotions 
B)  logistics 
C)  finance 
D)  ownership 
A)  promotions 
B)  logistics 
C)  finance 
D)  ownership

Question 20

The ____ approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of major functional areas.

Accepted Answer

A)  supply chain 
B)  systems 
C)  interfunctionality 
D)  rhochrematics 
A)  supply chain 
B)  systems 
C)  interfunctionality 
D)  rhochrematics

Dual distribution refers to an alliance that allows customers to purchase products from two or more name-brand retailers at one store location.

Postponement is the delay of value-added activities such as assembly, production, and packaging to the latest possible time.

List and discuss the advantages and disadvantages of charging the customer for home delivery if they are unable to carry the Super Gym home.

In mass logistics, groups of customers with similar logistical needs and wants are provided with logistics services appropriate to those wants and needs.

The most costly logistics activity in many firms is ____

Disintermediation refers the removal of intermediaries between producer and consumer.

There is no linkage between the promotions and logistics channels.

Reductions in economic regulation allowed individual transportation companies flexibility in pricing and service.

The key to the total cost approach is that all relevant cost items are considered simultaneously when making a decision.

It is better for a logistics manager to be a generalist rather than a specialist.

Logistical decisions tend not to be impacted by marketers' growing emphasis on offering sustainable products.

Many promotional decisions, such as pricing campaigns that lower the price of certain items, require close coordination between marketing and logistics.

Logistics is only concerned with forward flows, that is, those directed towards the point of consumption.

Logistics clearly contributes to _ and _ utility.

A cost trade-off is a situation where:

Interfunctional logistics attempts to coordinate materials manage?ment and physical distribution in a cost efficient manner that supports an organization's customer service objectives.

Landed costs refer to:

The ____ concept suggests that the customer desires a product offering that is highly tailored to the customer's exact preferences.

Which channel covers the movement of title to the goods?

The ____ approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of major functional areas.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management, Order Management

Inventory Management

Distribution Center, Warehouse, and Plant Location

Warehousing Management

Packaging and Materials Handling

Transportation Correct Answers Are Bolded

Transportation Management

International Logistics

Filters

Exam 1: An Overview of Logistics

Dual distribution refers to an alliance that allows customers to purchase products from two or more name-brand retailers at one store location.

Postponement is the delay of value-added activities such as assembly, production, and packaging to the latest possible time.

List and discuss the advantages and disadvantages of charging the customer for home delivery if they are unable to carry the Super Gym home.

In mass logistics, groups of customers with similar logistical needs and wants are provided with logistics services appropriate to those wants and needs.

The most costly logistics activity in many firms is ____

Disintermediation refers the removal of intermediaries between producer and consumer.

There is no linkage between the promotions and logistics channels.

Reductions in economic regulation allowed individual transportation companies flexibility in pricing and service.

The key to the total cost approach is that all relevant cost items are considered simultaneously when making a decision.

It is better for a logistics manager to be a generalist rather than a specialist.

Logistical decisions tend not to be impacted by marketers' growing emphasis on offering sustainable products.

Many promotional decisions, such as pricing campaigns that lower the price of certain items, require close coordination between marketing and logistics.

Logistics is only concerned with forward flows, that is, those directed towards the point of consumption.

Logistics clearly contributes to ___________ and ___________ utility.

A cost trade-off is a situation where:

Interfunctional logistics attempts to coordinate materials manage?ment and physical distribution in a cost efficient manner that supports an organization's customer service objectives.

Landed costs refer to:

The ____ concept suggests that the customer desires a product offering that is highly tailored to the customer's exact preferences.

Which channel covers the movement of title to the goods?

The ____ approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of major functional areas.

Logistics and Information Technology

Strategic and Financial Logistics

Organizational and Mangerial Issues in Logistics

The Supply Chain Management Concept

Procurement

Demand Management, Order Management

Inventory Management

Distribution Center, Warehouse, and Plant Location

Warehousing Management

Packaging and Materials Handling

Transportation Correct Answers Are Bolded

Transportation Management

International Logistics

Filters

Logistics clearly contributes to _ and _ utility.