Physical Distribution Differs from Logistics in That

question 144

Multiple Choice

Physical distribution differs from logistics in that

• A) logistics deals with storing and physical distribution does not.
• B) logistics uses JIT to coordinate activities among firms and physical distribution does not.
• C) logistics includes customer service decisions and physical distribution does not.
• D) logistics includes transporting goods and physical distribution does not.
• E) physical distribution is another common name for logistics.

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Definitions:

Retail Inventory Method

The retail inventory method is an accounting practice that estimates the ending inventory balance of a retailer by using the cost to retail price ratio.

Physical Count

The process of manually counting inventory items to verify quantities and ensure the accuracy of records.

Most Current Prices

Refers to the latest available prices of goods, services, or assets, often used in the evaluation of market trends or valuation assessments.

Ending Inventory

The total value or quantity of goods available for sale at the end of an accounting period, calculated by adding any purchases to the beginning inventory and subtracting sold goods.