Coordinating Inbound and Outbound Transportation

question 10

Multiple Choice

Coordinating inbound and outbound transportation:

• A) has little application in an effective and efficient supply organization.
• B) is done by cross-functional teams in most organizations.
• C) helps to reduce costs and improve utilization of related assets and resources.
• D) provides the basic elements of a global supply network.
• E) is used extensively in Europe, but has not migrated to the U.S.

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Definitions:

Marginal Revenue

The increase in profit from selling an extra unit of a good or service.

Average Nightly Room Rate

A measure used in the hospitality industry to calculate the average price paid per room per night.

Monopolistic Competition

A marketplace setup where plenty of businesses distribute products that resemble each other but are not duplicates, allowing them a partial degree of marketplace power and the ability to individualize their offerings.

Pure Competition

A market structure characterized by a large number of small firms, homogenous products, and easy market entry and exit, leading to price takers rather than price makers.