Physical Logistics Services Now Find Themselves Competing with Telecommunications Services

question 42

True/False

Physical logistics services now find themselves competing with telecommunications services. This is a result of the instantaneous delivery capability of information-based products.

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Definitions:

Productivity

A measure of the efficiency of production, often calculated as the ratio of output to inputs used in the production process.

Derived Demand

The demand for a good or service that arises from the demand for another good or service.

Final Product

A final product refers to a good or service that has completed all stages of production and is ready for sale or consumption.

MRP Curve

The MRP curve, or Marginal Revenue Product curve, illustrates the additional revenue generated by employing an additional unit of a resource, such as labor.