Cross-Docking Is a Practice Used in the International Shipping Industry

question 22

True/False

Cross-docking is a practice used in the international shipping industry that facilitates port utilization.

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Definitions:

Organisational Planning Process

A systematic approach used by organizations to set goals, determine strategies to achieve them, and implement the necessary actions.

Vertical Integration

A strategy where a company expands its operations into different stages of production within the same industry, controlling multiple aspects of its supply chain.

Value Creation

The process by which companies or individuals generate increased worth for a product, service, or brand, often leading to competitive advantage and higher profitability.