3PL Is Associated with ______

question 15

Multiple Choice

3PL is associated with ______.

• A)improving the efficiency of product flows
• B)requiring the manufacturer to focus on its core competencies
• C)improving the quality of manufactured products
• D)the service industry only

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Definitions:

Domestic Consumers

Individuals or entities within a country that purchase goods and services for personal use.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another.

Computers

Electronic devices designed to process, store, and output information, serving a wide range of personal, educational, and business applications.

Oil

A fossil fuel found in the Earth's crust, primarily used for energy production and as a raw material in the chemical industry; crucial to the global economy.