Podcast
Questions and Answers
What is the MAIN purpose of discussing transportation economics and pricing?
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?
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?
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?
What is the MAIN component of a logistics system according to the diagram?
What is the MAIN trade-off mentioned in the text that needs to be considered in a logistics system?
What is the MAIN trade-off mentioned in the text that needs to be considered in a logistics system?
What is the MAIN cost conflict described in the text when transportation service is selected?
What is the MAIN cost conflict described in the text when transportation service is selected?
Which component is responsible for neglecting the importance of facility location and overall network design?
Which component is responsible for neglecting the importance of facility location and overall network design?
What is fundamental to logistical efficiency according to the text?
What is fundamental to logistical efficiency according to the text?
Why is continuously modifying the facility network important according to the text?
Why is continuously modifying the facility network important according to the text?
Which of the following represents a series of locations through which materials and products flow?
Which of the following represents a series of locations through which materials and products flow?
What directly impacts customer service capabilities and cost according to the text?
What directly impacts customer service capabilities and cost according to the text?
In business operations, what must all transactions be developed within and between?
In business operations, what must all transactions be developed within and between?
Which factor does the text state influences product density, stowability, and damage?
Which factor does the text state influences product density, stowability, and damage?
What is one of the major responsibilities of transportation managers according to the text?
What is one of the major responsibilities of transportation managers according to the text?
What is the relationship between rail and motor freight classification systems according to the text?
What is the relationship between rail and motor freight classification systems according to the text?
How can a product's classification be changed?
How can a product's classification be changed?
What is the role of the classification board according to the text?
What is the role of the classification board according to the text?
What is the purpose of an alert traffic department according to the text?
What is the purpose of an alert traffic department according to the text?
What is the definition of channel power according to the text?
What is the definition of channel power according to the text?
Which type of power is most likely to produce resentment and conflict among channel members?
Which type of power is most likely to produce resentment and conflict among channel members?
What is the potential downside of using reward power?
What is the potential downside of using reward power?
What is required for legitimate power to be effective?
What is required for legitimate power to be effective?
What can happen to a manufacturer's expert power over time?
What can happen to a manufacturer's expert power over time?
Which type of power is based on the manufacturer being highly respected by the intermediaries?
Which type of power is based on the manufacturer being highly respected by the intermediaries?
What is the primary purpose of logistics according to the text?
What is the primary purpose of logistics according to the text?
What role does logistics play in helping a firm focus on strategic opportunities?
What role does logistics play in helping a firm focus on strategic opportunities?
According to the Council of Logistics Management definition, what is the primary purpose of logistics?
According to the Council of Logistics Management definition, what is the primary purpose of logistics?
What does the text say logistics does to help a firm focus on strategic opportunities?
What does the text say logistics does to help a firm focus on strategic opportunities?
What does the text say is the role of logistics in terms of supply and demand?
What does the text say is the role of logistics in terms of supply and demand?
