Logistics Quiz

What is the definition of logistics according to the Council of Logistics Management?

• The process of manufacturing goods

• The process of planning, implementing, and controlling the flow and storage of goods, services, and information

• The process of advertising products

• The process of selling goods and services

Where is logistics concerned with getting products and services?

• Where they are overstocked

• Where they are needed and desired

• Where they are not desired

• Where they are not needed

What has led to the importance of logistics in international marketing?

• Lack of competition

• Decrease in customer demands

• Technological advancements

• Decrease in global trade

What is the major scope of logistics?

• Packaging, salvage & scrap disposal, and traffic & transportation

• Material handling, order processing, and procurement

• Demand forecasting, distribution communication, and inventory control

• Transportation, information monitoring, and facilities

What is the purpose of warehousing in logistics?

• To limit the availability of products

• To increase the cost of goods

• To create time utility

• To reduce customer service

What factors determine the inventory levels in logistics?

• The color of the products

• The location of the warehouses

• The firm's policy regarding customer service level

• The number of employees in the company

Why is information monitoring important in logistics?

• To reduce the efficiency of the system

• To provide up-to-date information about inventory, transportation, and warehousing

• To limit the availability of products

• To increase the cost of transportation

How does information monitoring contribute to the efficiency of logistics?

• By increasing the cost of transportation

• By limiting the availability of products

• By providing real-time data on inventory, transportation, and warehousing

• By decreasing the demand for goods

What is the role of transportation in logistics?

• To increase the cost of goods

• To provide storage facilities

• To move goods to points of production

• To decrease the economic value of goods

How does warehousing contribute to the efficiency of logistics?

• By limiting the availability of products

• By increasing the cost of goods

• By creating time utility

• By reducing customer service