Which of the Following Is True of Logistics

question 79

Multiple Choice

Which of the following is true of logistics?

• A) Shaving off a small fraction of logistics costs has very little impact on savings.
• B) Companies can gain a powerful competitive advantage by using improved logistics to enhance customer service or lower prices.
• C) The cost savings to a company and its customers due to improved logistics is typically nominal.
• D) Less than 5 percent of an average product's price is accounted for by shipping and transport.
• E) The cost of logistics is considerably less than advertising.

Describe the impact of Federal Reserve actions on commercial banks' reserves and the overall money supply.

Recognize the historical development of the Federal Reserve and its significance in the US banking system.

Understand the composition and function of the Federal Open Market Committee (FOMC) and the Board of Governors.

Explain the regulatory and supervisory functions of the Federal Reserve, including reserve requirements for commercial banks.

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