Podcast
Questions and Answers
What is the primary purpose of logistics?
What is the primary purpose of logistics?
- To move goods from suppliers to buyers (correct)
- To produce finished goods at a manufacturing plant
- To store goods in a warehouse for long periods
- To move raw materials from suppliers to manufacturers
Why do products have little value to customers until they are moved to the customer's point of consumption?
Why do products have little value to customers until they are moved to the customer's point of consumption?
- Because the products are not where they need to be (correct)
- Because customers do not want the products
- Because the products are of poor quality
- Because the products are too expensive
What type of utility is provided when products are delivered to the desired location?
What type of utility is provided when products are delivered to the desired location?
- Time utility
- Form utility
- Place utility (correct)
- Possession utility
What is the term for delivering products at the right time?
What is the term for delivering products at the right time?
What are the two main utilities provided by logistics?
What are the two main utilities provided by logistics?
What percentage of U.S. freight is transported by air carriers?
What percentage of U.S. freight is transported by air carriers?
What type of cargo is typically transported through inland waterway transportation?
What type of cargo is typically transported through inland waterway transportation?
What is a characteristic of pipeline carriers?
What is a characteristic of pipeline carriers?
What is the term for the use of multiple modes of transportation?
What is the term for the use of multiple modes of transportation?
What is the term for the service offered by rail and motor carriers?
What is the term for the service offered by rail and motor carriers?
What type of ships are used for transporting truck trailers and containers?
What type of ships are used for transporting truck trailers and containers?
What type of carrier is not bound to serve the general public?
What type of carrier is not bound to serve the general public?
What percentage of U.S. freight is carried by motor carriers?
What percentage of U.S. freight is carried by motor carriers?
What is the name of the service that allows rail companies to offer point-to-point pickup and delivery?
What is the name of the service that allows rail companies to offer point-to-point pickup and delivery?
What is a characteristic of rail carriers?
What is a characteristic of rail carriers?
What type of carrier transports goods for the company owning the carrier?
What type of carrier transports goods for the company owning the carrier?
What is a challenge faced by rail companies?
What is a challenge faced by rail companies?
