Reductions in Delivery Times in Both the Marketplace and the Supply

question 101

Multiple Choice

Reductions in delivery times in both the marketplace and the supply chain have earned firms such as Toyota and Xerox a reputation as "time-based competitors." For Toyota and Xerox, logistics

• A)increases their customers' inventory levels.
• B)increases the number of steps in their manufacturing processes.
• C)includes the role of Toyota and Xerox as channel captains.
• D)creates time and place utility for their customers.
• E)does not influence their suppliers' supply chains.

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Definitions:

Sales Journal

The Sales Journal is a specialized accounting journal used to record all sales of merchandise on credit.

General Journal

The primary journal where all types of transactions are first recorded in chronological order before posting to accounts.

Cash Sales Return

Refunds issued to customers for goods returned that were originally purchased with cash, impacting both the company's inventory and its cash balances.

Cash Payments Journal

A financial journal that records all disbursements of cash, including expenses, asset purchases, and debt payments.