The First Step in Determining a Logistics Strategy Is to

question 16

Multiple Choice

The first step in determining a logistics strategy is to

• A) map the existing logistics network to provide a baseline.
• B) decide between retaining logistics as an internal function or outsourcing.
• C) determine the appropriate modes of transportation for minimizing cost and meeting the needs of customers.
• D) apply the operations and supply chain strategy to clarify logistics objectives.

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Definitions:

Stocks

Shares of ownership in a corporation, representing a claim on part of the corporation's assets and earnings.

Property

Legal rights or interests over physical objects, land, or intellectual creations, entitling the owner to use, sell, or lease them.

Discouraged Worker

A person who has stopped searching for a job because he or she believes that job hunting is futile.

Chronically Unemployed

Individuals who are repeatedly without a job and actively seeking work for long periods.