Marketing Logistics Involves Planning, Implementing, and Controlling the Physical Flow

question 89

True/False

Marketing logistics involves planning, implementing, and controlling the physical flow of goods, services, and related information from points of origin to points of consumption to meet customer requirements at a profit.

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Definitions:

Machine-Hours

A measure of production time based on the number of hours a machine is operated.

Direct Labor-Hours

Summation of hours by employees directly contributing to manufacturing efforts.

Machining

A manufacturing process involving the cutting, shaping, or finishing of material, typically metal, using machine tools.

Customizing

The process of modifying or creating products or services according to the customer's or user's specific needs.