Logistics Management Is Organizing the Cost-Effective Flow of Raw Materials

question 243

Multiple Choice

Logistics management is organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to:

• A)eliminate all competition.
• B)maintain organizational culture.
• C)create maximum profit.
• D)satisfy customer requirements.

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Definitions:

Quantity of Loanable Funds

This refers to the amount of money available for borrowing in the financial market at a particular rate of interest.

Demand-for-loanable-funds

The desire or need for borrowing money, driven by individuals, businesses, or governments, often influenced by interest rates.

Supply-of-loanable-funds

Supply-of-loanable-funds is an economic concept depicting the amount of capital available for borrowing in the financial markets, influenced by savings and the desire of investors to lend money.

Decrease

A reduction in quantity, size, or intensity of a specific variable or condition, often used in economic contexts to describe trends in markets or metrics.