Physical Distribution Refers to a Broad Range of Activities Aimed

question 63

True/False

Physical distribution refers to a broad range of activities aimed at efficient movement of finished goods from the end of the production line to the consumer.

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Definitions:

Supply Chain Surplus

The total value created throughout the supply chain, calculated as the difference between the value of the final product to the end consumer and the costs incurred in bringing the product to market.

Commodity Products

Fundamental products utilized in trade that can be exchanged with other products of a similar kind.

Maximize Revenue

A strategy or approach aimed at increasing the total income generated from sales of goods or services, before any expenses are subtracted.

Drywall

A building material used to make walls and ceilings, consisting of large flat sheets of gypsum board that is easy to install and paint over.