Question 1

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 2

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

Accepted Answer

A) Efficiency 
B) Productivity 
C) Reengineering 
D) Effectiveness 
A) Efficiency 
B) Productivity 
C) Reengineering 
D) Effectiveness

Question 3

The financing channel handles a company's credit and payment for goods.

Accepted Answer

A) True 
 B)False

Question 4

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 5

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

Accepted Answer

A) Time 
B) Production 
C) Place 
D) Possession 
E) All of the above are types of economic utility 
A) Time 
B) Production 
C) Place 
D) Possession 
E) All of the above are types of economic utility

Question 6

Market demassification suggests that an ever-increasing number of market segments have distinct preferences.

Accepted Answer

A) True 
 B)False

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product.

Accepted Answer

A) Time 
B) Place 
C) Form 
D) Possession 
A) Time 
B) Place 
C) Form 
D) Possession

Question 9

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

Accepted Answer

A) price 
B) production 
C) product 
D) place 
A) price 
B) production 
C) product 
D) place

Question 10

Interfunctional logistics attempts to coordinate inbound logistics,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 11

The most costly logistics activity in many firms is ____________.

Accepted Answer

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

Question 12

The ownership channel consists of all parties except:

Accepted Answer

A) customers 
B) manufacturers 
C) wholesalers 
D) retailers 
A) customers 
B) manufacturers 
C) wholesalers 
D) retailers

Question 13

The finance department tends to measure inventory in terms of units while logistics tends to measure inventory in terms of its cost / value.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Logistics clearly contributes to time and form utility.

Accepted Answer

A) True 
 B)False

Question 16

___________ refers to the removal of intermediaries between producer and consumer.

Accepted Answer

A) Direct channels 
B) Market demassification 
C) Consolidation 
D) Disintermediation 
A) Direct channels 
B) Market demassification 
C) Consolidation 
D) Disintermediation

Question 17

Intermediaries assume ownership of goods while they're in the marketing channel.

Accepted Answer

A) True 
 B)False

Question 18

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 19

Which of the following is not a logistics-related activity?

Accepted Answer

A) Customer service 
B) International logistics 
C) Materials handling 
D) Procurement 
E) All of the above are logistics-related activities 
A) Customer service 
B) International logistics 
C) Materials handling 
D) Procurement 
E) All of the above are logistics-related activities

Question 20

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

Accepted Answer

A) 10 
B) 15 
C) 20 
D) 25 
A) 10 
B) 15 
C) 20 
D) 25

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

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

The financing channel handles a company's credit and payment for goods.

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

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

Market demassification suggests that an ever-increasing number of market segments have distinct preferences.

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

___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product.

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

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

The most costly logistics activity in many firms is ____________.

The ownership channel consists of all parties except:

The finance department tends to measure inventory in terms of units while logistics tends to measure inventory in terms of its cost / value.

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

Logistics clearly contributes to time and form utility.

___________ refers to the removal of intermediaries between producer and consumer.

Intermediaries assume ownership of goods while they're in the marketing channel.

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

Which of the following is not a logistics-related activity?

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

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

Protective Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters

Exam 1: An Overview of Logistics

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

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

The financing channel handles a company's credit and payment for goods.

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

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

Market demassification suggests that an ever-increasing number of market segments have distinct preferences.

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

___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product.

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

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

The most costly logistics activity in many firms is ____________.

The ownership channel consists of all parties except:

The finance department tends to measure inventory in terms of units while logistics tends to measure inventory in terms of its cost / value.

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

Logistics clearly contributes to time and form utility.

___________ refers to the removal of intermediaries between producer and consumer.

Intermediaries assume ownership of goods while they're in the marketing channel.

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

Which of the following is not a logistics-related activity?

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

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

Protective Packaging and Materials Handling

Transportation

Transportation Management

International Logistics

Filters