Primary Reason That Total Logistics Cost Has Reduced as a Percentage

question 10

Multiple Choice

primary reason that total logistics cost has reduced as a percentage of GDP is:

• A)Inventory has increased as a percent of total cost
• B)Inventory has decreased as a percent of total cost
• C)Transportation has decreased as a percent of total cost
• D)Nominal GDP has increased

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Definitions:

Consumers

Individuals or households that use goods and services generated within the economy.

Imported Products

Goods brought into a country from abroad for the purpose of trade or sale.

Volenti Non Fit Injuria

A legal doctrine stating that a person who willingly puts themselves in a position of risk cannot sue for the resulting harm.

Res Ipsa Loquitur

A Latin phrase meaning "the thing speaks for itself," used in tort law to suggest that the nature of an accident implies negligence by the defendant.