International Logistics Flashcard

Front

What does vertical expansion relate to?

Back

buying all logistical side supply chain

Front

What does horizontal expansion relate to? Options: creating more factories, target many segments, focus on only one market segment, tell batman to fight crime

Back

Target many segments

Front

What is value chain?

Back

the process from raw materials until the final consumer

Front

The term "Just-in-Time (JIT)" primarily describes:

Back

A manufacturing system with frequent, small deliveries.

Front

A "Bill of Lading" (BOL) is:

Back

A document issued by a carrier for receipt of goods

Front

What does "LTL" stand for in shipping terminology?

Back

Less Than Truckload

Front

"HAZMAT" is an abbreviation for:

Back

Hazardous Materials

Front

"Demurrage" in shipping is best described as: A penalty for exceeding free time for loading/unloading)

Back

A penalty for exceeding free time for loading/unloading

Front

Air cargo refers to :

Back

Freight that is moved by air transportation

Front

All water refers to

Back

Term used when the transportation is completely by water