Word Cost-Effective as It Relates to the Definition of Logistics

question 50

Multiple Choice

word cost-effective as it relates to the definition of logistics management implies

• A) while it is important to drive down logistics costs, all channel members must equally benefit financially or the chain will not function effectively.
• B) speed of delivery must be measured against increased savings.
• C) while it is important to drive down logistics costs, customer buying requirements must be a part of the equation.
• D) the need for multiple carriers always results in lower profit margins and therefore should be avoided.
• E) the choice of intermediaries should be made on their ability to perform their tasks efficiently even if additional costs must be passed on to the consumer.

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Definitions:

Third Party

An entity that is involved in a situation or transaction but is not one of the principal parties.

Mate

A term often used to refer to a partner in a romantic or sexual relationship, or in the context of animal behavior, to describe pairing for reproduction purposes.

Cultures

The customs, social practices, languages, beliefs, and values that distinguish different groups of people and shape their ways of living.

Transition to Parenthood

The period of adjustment that couples or individuals undergo as they assume the roles and responsibilities of being parents.