Logistics Refers to

question 273

Multiple Choice

Logistics refers to

• A) an inventory management system where the supplier determines the product amount and assortment a retailer needs and automatically delivers the appropriate items.
• B) mathematical formulas and calculations used in determining product volume and demand in order to generate the greatest revenue at the lowest cost.
• C) the sequence of firms that performs activities required to create and deliver a product or service to ultimate consumers or industrial users.
• D) activities that focus on getting the right amount of the right products to the right place at the right time at the lowest possible cost.
• E) a specialized intermediary in the distribution chain responsible for the coordination of all production schedules.

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Definitions:

Intellectual Disability

A condition characterized by significant limitations in both intellectual functioning and in adaptive behavior, originating before the age of 18.

Morphemes

The smallest meaningful units in a language, such as prefixes, roots, and suffixes.

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, especially the order of words and phrases.

Semantics

Semantics is the branch of linguistics concerned with the meaning of words, phrases, and sentences in language.