Logistics Integration and Strategic Opportunities Quiz
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Questions and Answers

What is the MAIN purpose of discussing transportation economics and pricing?

  • To analyze the logistics system
  • To describe the role and importance of logistics
  • To define logistics
  • To understand the factors that drive transport costs (correct)

    • What is the BEST economic choice in a logistics system?

  • The point where the sum of both direct and indirect costs is lowest (correct)
  • The point where customer service level is set
  • The point where safety stock levels are set
  • The point where the number of warehouses is determined

    • Which of the following is NOT one of the four topics that build upon transportation economics and pricing?

  • The role and importance of logistics (correct)
  • The factors that drive transport costs
  • Carrier pricing strategy
  • The cost structures or classifications

    • What is the MAIN component of a logistics system according to the diagram?

    <p>Logistical operation</p> Signup and view all the answers

    What is the MAIN trade-off mentioned in the text that needs to be considered in a logistics system?

    <p>All of the above</p> Signup and view all the answers

    What is the MAIN cost conflict described in the text when transportation service is selected?

    <p>The direct cost of transport service and the indirect cost effect on inventory level</p> Signup and view all the answers

    Which component is responsible for neglecting the importance of facility location and overall network design?

    <p>Facility structure</p> Signup and view all the answers

    What is fundamental to logistical efficiency according to the text?

    <p>Facility network selected by management</p> Signup and view all the answers

    Why is continuously modifying the facility network important according to the text?

    <p>To accommodate change in demand and supply infrastructures</p> Signup and view all the answers

    Which of the following represents a series of locations through which materials and products flow?

    <p>Facility network</p> Signup and view all the answers

    What directly impacts customer service capabilities and cost according to the text?

    <p>Facility structure</p> Signup and view all the answers

    In business operations, what must all transactions be developed within and between?

    <p>Facility locations</p> Signup and view all the answers

    Which factor does the text state influences product density, stowability, and damage?

    <p>Product packaging</p> Signup and view all the answers

    What is one of the major responsibilities of transportation managers according to the text?

    <p>To obtain the best possible rating for all goods shipped</p> Signup and view all the answers

    What is the relationship between rail and motor freight classification systems according to the text?

    <p>Rail classifications are more comprehensive and detailed than motor freight</p> Signup and view all the answers

    How can a product's classification be changed?

    <p>By submitting a written application to the classification board</p> Signup and view all the answers

    What is the role of the classification board according to the text?

    <p>To review proposals for changes or additions to the classification system</p> Signup and view all the answers

    What is the purpose of an alert traffic department according to the text?

    <p>To take an active role in classification</p> Signup and view all the answers

    What is the definition of channel power according to the text?

    <p>The ability to alter channel members' behavior so that they take actions they would not have taken otherwise</p> Signup and view all the answers

    Which type of power is most likely to produce resentment and conflict among channel members?

    <p>Coercive power</p> Signup and view all the answers

    What is the potential downside of using reward power?

    <p>It can weaken over time as the intermediaries come to expect a reward</p> Signup and view all the answers

    What is required for legitimate power to be effective?

    <p>The intermediaries must view the manufacturer as a legitimate leader</p> Signup and view all the answers

    What can happen to a manufacturer's expert power over time?

    <p>It can weaken once the expertise is passed on to the intermediaries</p> Signup and view all the answers

    Which type of power is based on the manufacturer being highly respected by the intermediaries?

    <p>Referent power</p> Signup and view all the answers

    What is the primary purpose of logistics according to the text?

    <p>To manage the flow of information and resources to meet customer requirements</p> Signup and view all the answers

    What role does logistics play in helping a firm focus on strategic opportunities?

    <p>All of the above</p> Signup and view all the answers

    According to the Council of Logistics Management definition, what is the primary purpose of logistics?

    <p>To conform to customer requirements</p> Signup and view all the answers

    What does the text say logistics does to help a firm focus on strategic opportunities?

    <p>All of the above</p> Signup and view all the answers

    What does the text say is the role of logistics in terms of supply and demand?

    <p>Logistics helps to coordinate supply and demand in the creation of time and place utility</p> Signup and view all the answers

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