Refer to the Scenario Below to Answer the Following Questions

question 22

Multiple Choice

Refer to the scenario below to answer the following questions.
Miller Meat Company contracts with several Midwestern farmers to raise beef and pork for its meat processing center. To guarantee freshness, Miller Meat Company relies on a vast distribution network. For delivery to local grocers in Indiana, Miller Meat uses its own fleet of refrigerated trucks; delivery to these Indiana grocers constitutes 65 percent of Miller Meat's business. For deliveries in Illinois, Wisconsin, and points directly west of the Mississippi River, Miller Meat Company contracts with a refrigerated fleet that specializes in expediting smaller shipments. For faster delivery during peak times, Miller Meat Company often uses its own trucks to deliver to the expedited fleet's consolidation point from its distribution warehouse in Indiana. During the holiday season, however, several specialty distributors contract with Miller Meat Company to package specialty meats in gift boxes, then ship them directly to the recipients. For these specialty shipments within Indiana, Illinois, and Wisconsin, Miller uses its normal delivery mode. For all other specialty shipments, Miller ships from its distribution warehouse via air, then contracts with expedited carriers in various cities to deliver to the recipients.
-Which of the following would be involved in Miller Meat Company's inbound logistics management?

• A) local grocers in Indiana who sell the company's products
• B) Midwestern farmers who raise beef and pork for the meat processing center
• C) the refrigerated fleet that expedites small shipments
• D) air carriers that take Miller's specialty shipments
• E) recipients of Miller's gift boxes

---

Definitions:

Velocity of Money

The rate at which money is exchanged in an economy, highlighting how frequently a unit of currency circulates in a given time period.

Credit Cards

Payment cards issued by financial institutions allowing cardholders to borrow funds for purchases, which must be repaid along with any accrued interest.

Money Supply

The aggregate sum of liquid assets within an economy at a given time, including cash, bank deposits, and assets that can be quickly turned into cash.

Demand for Money

The desire or need by individuals and businesses to hold liquid assets, primarily currency and demand deposits, for transactional, precautionary, and speculative purposes.