Ensuring the Availability of the Right Product, in the Right

question 6

Multiple Choice

Ensuring the availability of the right product, in the right quantity, and the right condition, at the right place, at the right time, for the right customer at the right cost, is which definition of logistics?

• A) Seven Rs
• B) Council of Logistics Management
• C) Society of Logistic Engineers
• D) supply chain logistics

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Definitions:

English Exam

A test assessing one's knowledge, proficiency, and understanding of the English language.

Standard Deviation

An analytic gauge for the degree of spread or divergence of values within a dataset.

Normal Model

A statistical representation of a normal distribution, where data is symmetrically distributed around the mean.

Mean Speed

The average rate at which an object covers distance, calculated by dividing the total distance by the total time taken.