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Basic Logistics Concepts Quiz

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Questions and Answers

What is the aim of logistics?

Enhance employee satisfaction, minimize waste

Reduce costs, increase customer satisfaction (correct)

Expand market reach, improve product quality

Maximize profits, reduce lead time

What is the difference between efficacy and efficiency?

Efficacy - Ability to achieve a certain result; Efficiency - Ability to act or to achieve a certain result

Efficacy - Ability to produce the desired effect; Efficiency - Ability to act or to achieve a certain result

Efficacy - Ability to achieve an end using the best possible means; Efficiency - Ability to produce the desired effect

Efficacy - Ability to act or to achieve a certain result; Efficiency - Ability to achieve an end using the best possible means (correct)

What are the components of the supply chain?

Producers, Retailers, Wholesalers, Consumers, Advertising, Packaging

Raw materials, Production, Distribution, Retail, Marketing, Sales

Importers, Exporters, Assemblers, Distributors, Service providers, Regulators

Suppliers, Transportation, Manufacturers, Clients, Communication, Technology (correct)

What do operations refer to?

A set of functions or system that transform input into output and add value Signup and view all the answers

What does the value chain establish for competitive advantage?

Degree of integration: all activities that are carried out inside company Signup and view all the answers

Which term refers to the ability to produce the desired effect?

Effectiveness Signup and view all the answers

What distinguishes logistics from supply chain in terms of scope?

Globality, cooperation, and information management Signup and view all the answers

Which of the following is NOT a component of the supply chain?

Operations Signup and view all the answers

What does the value chain emphasize for competitive advantage?

Degree of integration within the company Signup and view all the answers

What is the primary aim of logistics?

Reduce costs, increase customer satisfaction Signup and view all the answers