Which of the Following Statements Concerning Third-Party Logistics Providers (3PLs)is

question 15

Multiple Choice

Which of the following statements concerning third-party logistics providers (3PLs) is true?

• A) Small businesses avoid 3PLs because their shipping volume is very low.
• B) Global companies often use 3PLs to avoid the complexity of international logistics.
• C) Companies in rapidly changing markets find using 3PLs limits their flexibility.
• D) All of the above statements are true.

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Definitions:

Market Research

The activity of gathering information about consumers' needs and preferences to identify market trends and potential areas of opportunity for businesses.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and usually independently owned and operated.

Primary Means

Refers to the main or most important methods or resources available for a specific purpose.

Diversity

The inclusion and representation of different types of people and viewpoints in a group or organization, encompassing aspects like race, gender, age, religion, and more.