A 4PL Is

question 8

Multiple Choice

A 4PL is

• A) a 3PL owned by transportation related firm.
• B) a firm used to implement Facility Utilization and Equipment Utilization Strategies.
• C) looked to for sustaining successful supply chain relationships.
• D) a group of 3PLs owned by the company.

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Definitions:

Working Capital Needs

The funds required to finance the day-to-day operations of a business, including managing its short-term assets and liabilities.

Explicit Interest

The stated interest rate on a loan or financial instrument, not including the effects of compounding or any hidden charges.

Factoring

Financing method where a firm sells its accounts receivables, usually to a specialized financing company, at a discount to their full value.

Receivables

Payments due from clients to a business for the delivery of goods or services that have not yet been compensated.