Johnson Controls Can Receive an Order for Automobile Seats from Ford

question 238

Multiple Choice

Johnson Controls can receive an order for automobile seats from Ford and deliver the order four hours later, beginning with raw materials and ending with delivery of the finished seats to Ford. As used by Johnson Controls, logistics

• A)creates utilities for Ford.
• B)provides Ford with a cost-effective dual distribution system.
• C)increases the number of steps in the value proposition creation process.
• D)includes the role of Johnson Controls as a channel captain.
• E)does not influence Ford's supply chain.

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Definitions:

Market Demand

The total quantity of a good or service that all consumers are willing to purchase at a given price over a specified period.

Complementary Goods

Products or services that are typically used together, where the use of one enhances the use or value of the other.

Substitutes

Goods or services that can be used in place of each other, where an increase in the price of one leads to an increase in demand for the other.

Inferior Goods

Products whose demand decreases as the income of the consumer increases, opposite to normal goods.