Shippers See More Strategic and IT-Based Processes Such as Supply

question 19

True/False

Shippers see more strategic and IT-based processes such as supply chain planning and network modeling and optimization as great areas of opportunity to leverage big data.

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Definitions:

Fixed-rate

An interest rate that remains constant over the life of a loan or investment.

Current Account

A part of the balance of payments of a country, accounting for trade balance, net primary income, and net secondary income transactions with foreign entities.

Surplus

A situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price, often leading to price reductions.

Deficit

A financial situation where expenditures exceed revenue, leading to a shortfall that must be financed through borrowing or existing reserves.