An Important Goal of Physical Distribution Is Reducing the Time

question 237

Multiple Choice

An important goal of physical distribution is reducing the time it takes to complete

• A) inventory management.
• B) outsourcing evaluation.
• C) electronic data interchange.
• D) order processing.
• E) cycle time.

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Definitions:

Consumer Dollar

The purchasing power of a consumer's money, indicating the quantity of goods and services it can buy.

Consumer Market

The consumer market refers to the marketplace where individuals and households buy goods and services for personal use.

Trade Surpluses

A situation where a country exports more than it imports, resulting in a positive balance of trade.

Gross Saving Rate

The proportion of total national income that is not spent on consumption or taxes, indicating the amount saved.