Which of the Following Statements About Third-Party Logistics Is True

question 1

Multiple Choice

Which of the following statements about third-party logistics is true?

• A) Firms will be able to maintain higher levels of control if they outsource their logistics operations to third parties.
• B) Third-party logistics provide logistics services at very high costs.
• C) Third-party logistics usually provide low-quality services.
• D) Third-party logistics providers have the knowledge and means to perform efficient and innovative services for firms.

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Definitions:

Rational Expectations

An economic theory suggesting individuals make predictions about the future based on available information and past experience, influencing their economic decisions.

Monetary Policy

The process by which a government, central bank, or monetary authority manages the supply of money and interest rates to achieve macroeconomic objectives.

Stimulate Economy

Initiatives or policies undertaken to encourage economic growth or enhance economic performance.

Rational Approach

A decision-making process based on logical, systematic analysis of data and information to optimize outcomes.