A  ____  Is Designed to Reduce the Cost of Transporting

question 89

Multiple Choice

A  ____  is designed to reduce the cost of transporting materials while maintaining safe and reliable delivery.

• A)logistics information system
• B)personnel information system
• C)manufacturing information system
• D)marketing information system

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be used by everyone without diminishing availability to others, such as public parks and street lighting.

Price Mechanism

The system by which the prices of goods and services are determined in a free market, through the forces of supply and demand.

Government "Five-Year Plan"

A centralized and often government-enforced economic development strategy, typically aimed at rapid industrialization or development within a five-year timeframe.

"The Invisible Hand"

A term coined by Adam Smith to describe the self-regulating nature of the marketplace.