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Questions and Answers
What is the aim of logistics?
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?
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?
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?
What do operations refer to?
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What does the value chain establish for competitive advantage?
What does the value chain establish for competitive advantage?
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Which term refers to the ability to produce the desired effect?
Which term refers to the ability to produce the desired effect?
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What distinguishes logistics from supply chain in terms of scope?
What distinguishes logistics from supply chain in terms of scope?
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Which of the following is NOT a component of the supply chain?
Which of the following is NOT a component of the supply chain?
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What does the value chain emphasize for competitive advantage?
What does the value chain emphasize for competitive advantage?
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What is the primary aim of logistics?
What is the primary aim of logistics?
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