Logistic Management

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Logistic Management

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by admin Jan 14, 2024 0 Comment

1. 

What is the primary goal of inventory control?

Minimize holding costs

Maximize the quantity of inventory

Increase lead times

None of the above

None

2. 

What are Incoterms primarily used for in international trade?

Setting import/export quotas

Determining transportation modes

Allocating responsibility and costs between buyer and seller

Defining product specifications

None

3. 

Which mode of transportation is typically the fastest but also tends to be the most expensive?

Road

Rail

Air

Sea

None

4. 

Why is it important to align logistics with overall business strategy?

To improve customer satisfaction

All of the above

To reduce costs

To increase efficiency

None

5. 

What does "last-mile delivery" refer to in logistics?

Transporting goods internationally

The final stage of the supply chain

Delivering goods from the manufacturer to the retailer

The last leg of the delivery process to the end customer

None

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Website: https://tetra-pillars.com

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