12 Questions
What is the primary purpose of a business ensuring there are enough raw materials to make finished products?
To have enough products stocked for supply and demand
What is the role of business logistics in the creation of finished products?
To ensure the process goes efficiently by tracking, transporting, storing and manufacturing inventory
What is the main purpose of the logistical process according to the passage?
To link the enterprise with its customers and suppliers
What is the relationship between the two inter-related efforts of the logistical process described in the passage?
The value-added inventory flow and requirements information flow work together to create an efficient logistical process
According to the passage, what percentage of the working population in the UK is associated with work related to logistics?
About 30%
What is the range of logistics' contribution to the gross domestic product for the main European and North American economies according to the passage?
8-11%
What is the essence of the role of logistics in the market channel?
The movement of the right amount of the right product at the right time
Which of the following is NOT part of business logistics?
Designing the product packaging and labeling
How can successful business logistics provide a competitive edge?
By providing a system or process to fulfill customer needs more efficiently
What is one of the benefits of providing efficient product delivery?
It helps build good consumer relations and can lead to more business
What is one of the best ways to advertise and grow a business?
Providing good, quality service that customers will recommend
What has made it possible for many companies to provide shipments of merchandise in a more accurate and fast manner?
The Internet and related technologies
Explore the significance of logistics in ensuring the right products are delivered at the right time, as well as the planning and implementation of storage and transportation processes in business. Learn how service organizations also benefit from efficient business logistics.
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