All Companies Have a Responsibility to ____ So They Can

question 7

Multiple Choice

All companies have a responsibility to ____ so they can provide a return on investment to their owners and investors, create jobs for the community, and contribute goods and services to the economy.

• A) offer the lowest price
• B) be profitable
• C) obey their customers
• D) provide the largest selection possible
• E) pay employees more than minimum wage

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Definitions:

Distribution Center

A warehouse or storage facility where products are stored and from which they are distributed to retailers or customers.

Stock

Shares representing ownership in a company or commodities or goods held in inventory by a business.

Just-in-time (JIT)

An inventory management strategy that arranges the receipt of resources and materials right at the moment they are needed, reducing storage costs.

Cross-docking

A logistics practice where incoming shipments are unloaded directly from supplier or manufacturing transport onto outbound trucks, trailers, or rail cars with minimal or no storage in between, reducing inventory holding times and costs.