Which of the Following Is True of Logistics

question 96

Multiple Choice

Which of the following is true of logistics?

• A) Companies can gain a powerful competitive advantage by using improved logistics to enhance customer service or lower prices.
• B) The cost savings to a company and its customers due to improved logistics is typically nominal.
• C) Less than 5 percent of an average product's price is accounted for by shipping and transport.
• D) The cost of logistics is considerably less than advertising.
• E) Shaving off a small fraction of logistics costs has very little impact on savings.

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Definitions:

α

Denotes the level of significance in hypothesis testing, representing the probability of rejecting a true null hypothesis.

Probability

The measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Null Hypothesis

A default hypothesis in statistical inference that proposes no significant effect or relationship exists between variables.

Rejected

In statistical hypotheses testing, the term refers to the conclusion to not accept the null hypothesis based on the evidence provided by the data.