Podcast
Questions and Answers
What is the primary purpose of a business ensuring there are enough raw materials to make finished products?
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 (correct)
- To maximize customer satisfaction
- To control the flow of inventory
- To ensure the manufacturing process goes efficiently
What is the role of business logistics in the creation of finished products?
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 (correct)
- To control the flow of information from customers and suppliers
- To link the enterprise with its customers and suppliers
- To add value to the inventory by placing it at the right time and place
What is the main purpose of the logistical process according to the passage?
What is the main purpose of the logistical process according to the passage?
- To link the enterprise with its customers and suppliers (correct)
- To refine customer forecasts and orders into manufacturing and purchasing objectives
- To add value to the firm's stakeholders
- To manage the movement and storage of materials and finished goods
What is the relationship between the two inter-related efforts of the logistical process described in the passage?
What is the relationship between the two inter-related efforts of the logistical process described in the passage?
According to the passage, what percentage of the working population in the UK is associated with work related to logistics?
According to the passage, what percentage of the working population in the UK is associated with work related to logistics?
What is the range of logistics' contribution to the gross domestic product for the main European and North American economies according to the passage?
What is the range of logistics' contribution to the gross domestic product for the main European and North American economies according to the passage?
What is the essence of the role of logistics in the market channel?
What is the essence of the role of logistics in the market channel?
Which of the following is NOT part of business logistics?
Which of the following is NOT part of business logistics?
How can successful business logistics provide a competitive edge?
How can successful business logistics provide a competitive edge?
What is one of the benefits of providing efficient product delivery?
What is one of the benefits of providing efficient product delivery?
What is one of the best ways to advertise and grow a business?
What is one of the best ways to advertise and grow a business?
What has made it possible for many companies to provide shipments of merchandise in a more accurate and fast manner?
What has made it possible for many companies to provide shipments of merchandise in a more accurate and fast manner?
