_____ Describes the Process of Strategically Managing the Efficient Flow

question 98

Multiple Choice

_____ describes the process of strategically managing the efficient flow and storage of raw materials,in-process inventory,and finished goods from point of origin to point of consumption.

• A) Contract logistics
• B) Logistics
• C) Cross-docking
• D) Disintermediation
• E) Channel facilitation

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its identifiable net assets.

Intangible Assets

Non-physical assets that have value due to their intellectual or contractual rights, such as patents, trademarks, copyrights, and goodwill.

Company Reputation

The public perception of a company, influenced by its actions, reliability, product quality, and ethics.

Cost of Land

The price paid for a piece of land, including purchase price, closing costs, and any improvements necessary to make the land usable.