Podcast
Questions and Answers
What type of utility is created by making a product available at the right time?
What type of utility is created by making a product available at the right time?
- Possession utility
- Time utility (correct)
- Place utility
- Form utility
Which factor affects the cost and importance of logistics due to the willingness of consumers to substitute a product with a similar one?
Which factor affects the cost and importance of logistics due to the willingness of consumers to substitute a product with a similar one?
- Susceptibility to damage
- Product relationships
- Substitutability (correct)
- Spatial relationships
What type of analysis examines a logistics system over a long time period or range of output?
What type of analysis examines a logistics system over a long time period or range of output?
- Long run / dynamic analysis (correct)
- Short run / static analysis
- Cost-benefit analysis
- Supply chain optimization
What is the term for the value added to a product by making it available in the right quantity?
What is the term for the value added to a product by making it available in the right quantity?
What type of equipment may be required for special handling of products?
What type of equipment may be required for special handling of products?
Which type of analysis involves analyzing costs for a specific point in time or level of production?
Which type of analysis involves analyzing costs for a specific point in time or level of production?
What is the main benefit of classifying logistics into materials management and physical distribution?
What is the main benefit of classifying logistics into materials management and physical distribution?
What is the primary advantage of considering logistics activities as cost centers?
What is the primary advantage of considering logistics activities as cost centers?
What is the potential outcome of changing the mode of transportation from rail to motor?
What is the potential outcome of changing the mode of transportation from rail to motor?
What is a key aspect of logistics systems that can vary enormously?
What is a key aspect of logistics systems that can vary enormously?
What is the primary focus of materials management?
What is the primary focus of materials management?
What is the term for the movement and storage of finished goods?
What is the term for the movement and storage of finished goods?
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