Objective of Information and Logistics Management in a Supply Chain

question 229

Multiple Choice

objective of information and logistics management in a supply chain is to deliver maximum customer service and to

• A) minimize logistics costs.
• B) maximize distribution outlets.
• C) maximize profits.
• D) maximize supply chain membership.
• E) maximize supply chain inefficiency.

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Definitions:

Diagram

A simplified drawing showing the appearance, structure, or workings of something.

Market Supply Curve

A graphical representation showing the total quantity of a good that sellers are willing and able to sell at various prices.

Output

The total quantity of goods and services produced by an economy, company, or process over a specific period.

External Costs

Costs of economic activities that are not borne by the individuals or enterprises involved in the transaction but are instead imposed on third parties or society at large, such as pollution.