Matthew Made a Purchase Online of a Fender Speaker System

question 37

Multiple Choice

Matthew made a purchase online of a Fender speaker system from a retailer. When the shipment of his purchase arrived at his home, he noticed that the product was shipped to him directly from Fender. The retailer and vendor are utilizing a system of

• A) drop shipping.
• B) cross-docking.
• C) outsourcing.
• D) third party logistics.
• E) vendor managed inventory.

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Definitions:

CEOs

Chief Executive Officers, the highest-ranking individuals in a company or organization, responsible for making major corporate decisions.

Fortune1000 Companies

A list compiled and published by Fortune magazine ranking the 1000 largest US corporations by total revenue for their respective fiscal years.

Autocratic

A leadership style characterized by individual control over all decisions and little input from group members.

Transformational

Referring to leadership or processes that create significant change in individuals, groups, or organizations through a vision and by empowering followers to transcend their own self-interests.