Match the Term with Its Definition

question 17

Essay

Match the term with its definition.
a.Agents/brokers
b.Common carriers
c.Contract carriers
d.Distribution
e.Dual distribution
f.Merchant middlemen
g.Patent
h.Physical distribution (logistics)
i.Plant patent
j.Private carriers
k.Supply chain management
l.Third-party logistics firm
-A system of management that integrates and coordinates the ways in which a business finds the raw materials to make a product, creates the product, delivers it to customers and receives payment for it.

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Definitions:

Reverse Marketing

A strategy where buyers actively seek out suppliers or convince potential suppliers to provide goods or services, reversing the traditional marketing roles.

World-class Suppliers

Suppliers that offer best-in-class services, quality, and efficiency, often recognized for their excellence through industry awards or certifications.

Technological Change

The process of innovation and the introduction of new technologies or methods to improve products, services, or processes.

Supply Chain Management

The coordinated management of all activities involved in sourcing, procuring, producing, and delivering goods or services to consumers.