Match the Term with Its Definition

question 85

Multiple Choice

Match the term with its definition.
-Intermediaries that do not take ownership of the goods they distribute

• A)agents/brokers
• B)common carriers
• C)contract carriers
• D)distribution
• E)dual distribution
• F)merchant middlemen
• G)physical distribution (logistics)
• H)plant patent
• I)private carriers
• J)supply chain management
• K)third-party logistics firm (3PLs)

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Definitions:

Surplus

The amount by which production, resources, or inventory exceeds the actual demand or use.

Labor

The human effort, both physical and mental, used in the production process to create goods or provide services.

Labor Unions

Organizations representing workers in various industries, advocating for better wages, working conditions, and benefits for their members.

Non-Unionized Industries

Sectors of the economy where the workforce is not part of a labor union or covered by a collective bargaining agreement.