Exam 1: An Overview of Logistics

Advertising agencies are a channel intermediary that might be found in the promotions channel.

Superior logistics is an essential component of corporate strategies for many power retailers.

____________ refers to breaking a homogenous supply into smaller lots.

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

Transportation represents the most costly logistics activity in many organizations.

The most significant contribution that the logistics channel makes to the overall channel process is the sorting function.

The ___________ department often measures inventory in terms of its cost or value in dollars,whereas ___________ tends to measure inventory in terms of units.

The purpose of logistics is to maximize customer service.

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

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

Every customer getting the same type and levels of logistics service refers to ___________.

The Internet has done little to improve logistical effectiveness and efficiency.

Which of the following is not a reason for the increased importance of logistics?

There is no linkage between the promotions and logistics channel.

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

Which channel covers the movement of title to the goods?

List and discuss the advantages and disadvantages of purchasing a two-wheeled trailer for each store to use for delivering Super Gyms.

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

____________ is bringing together similar stocks from different sources.

Landed costs refer to: