The Second Largest Category of U

question 161

Multiple Choice

The second largest category of U.S. exports in 2016 was _____, which accounted for _____ of total exports.

• A) capital goods; 24 percent
• B) services; 31 percent
• C) industrial supplies; 18 percent
• D) consumer goods; 9 percent
• E) food; 31 percent

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Definitions:

Logistics Channel Function

The activities involved in moving products from the producer to the consumer, including transportation, warehousing, and inventory management.

Marketing Channel Function

Activities and roles performed by intermediaries within a distribution channel to move products from producers to consumers efficiently.

Simulation Models

Computational models that imitate real-world processes or systems over time, used for analysis and design.

Warehouse Configuration

The arrangement and optimization of storage facilities to efficiently store and retrieve goods.