The ______________ Concept Says That All Transporting, Storing, and Product-Handling

question 161

Multiple Choice

The ______________ concept says that all transporting, storing, and product-handling activities of a business and a channel system should be thought of as part of one system which should seek to minimize the cost of distribution for a given customer service level.

• A) PERT
• B) product-market
• C) distribution center
• D) physical distribution
• E) marketing

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Definitions:

New Market

An area or sector not previously entered or served by a company or industry, presenting opportunities for growth and expansion.

Products and Services

The tangible goods and intangible offerings that businesses provide to consumers in exchange for payment.

Trading Company

A trading company is an entity that connects buyers and sellers of various commodities, goods, or services, often operating internationally to facilitate trade across borders.

Import Broker

An individual or firm that acts as an intermediary between an importer and the government, facilitating the importation of goods through customs clearance and compliance with local regulations.