Exam 1: An Overview of Logistics

The purpose of logistics is to maximize customer service.

Brokers are intermediaries that are commonly associated with the ____ channel.

Approximately ____ percent of US adult women are currently in the workforce.

All of the following are types of economic utility, except:

Logistics clearly contributes to time and form utility.

Channel intermediaries:

What concept refers to "how well company resources are used to achieve what a company promises it can do?"

Logistics managers use the ____ approach to coordinate materials management and physical distribution in a cost-efficient manner.

____ refers to being out of an item at the same time there is demand for it.

____ is bringing together similar stocks from different sources.

U.S. News & World Report suggests that logistics employment should increase by ____ percent through 2018.

The current definition of logistics, as promulgated by the Council of Supply Chain Management Professionals, suggests that logistics is part of the supply chain process.

In the first meeting, A.J. asked about SUVs but there was no further mention of them. How would you follow up on his query?

Which concept refers to the storage of finished product and movement to the customer?

A commonly used logistical intermediary is the freight forwarder.

Stockouts refer to a situation where a company is out of an item at the same time that there is demand for that item.

___________ utility refers to having products available where they are needed by customers.

Absolute and relative logistics costs in relation to Gross Domestic Product vary from country to country.

The four basic components of the marketing mix include all of the following except:

Which alternative would you prefer? Why?