A Firm That Provides Functional Logistics Services to Others Is

question 110

Multiple Choice

A firm that provides functional logistics services to others is called a(n) :

• A) third-party logistics firm (3PL)
• B) intermediate distributor
• C) industrial distributor
• D) merchant wholesaler
• E) ABC firm

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Definitions:

Production Possibilities Curves

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can produce given its available resources and technology.

Comparative Advantage

The proficiency of either a person, a company, or a country in crafting a good or providing a service, which comes at a lesser opportunity cost than that offered by rival parties.

Domestic Demand

The total demand for goods and services within a country's borders.