Managing Retailing, Wholesaling, And Logistics - MCQs with answers - Part 4

Managing Retailing, Wholesaling, And Logistics - MCQs with answers - Part 4

1. Market logistics planning has ________ steps.

a) Three
b) Four
c) Two
d) None of the above

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2. Integrated Logistics Systems include

a) Materials Management
b) Material flow systems
c) Physical distribution supported by information technology
d) All of the above

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3. The last frontier for cost economies is known as

a) Market facilities
b) Market logistics
c) Market distributions
d) None of the above

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4. Getting the right goods to the right locations at the right time for the least cost is known as

a) Market facilities
b) Market logistics
c) Market distributions
d) None of the above

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5. No system or organization can simultaneously maximize customer service and reduce distribution cost.

a) True
b) False
c) Can't say
d) None of the above

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6. Total market logistics cost of proposed system depends on

a) Total freight cost of proposed system
b) Total fixed and total warehouse cost of proposed system
c) Total cost of lost sales due to average delivery delay under proposed system
d) All of the above

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7. _______ are meant to store products for moderate to long period of time.

a) Storage warehouses
b) Distribution warehouses
c) Automated warehouses
d) None of the above

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8. _________ are meant to receive products from various company suppliers and plants and move them out as soon as possible.

a) Storage warehouses
b) Distribution warehouses
c) Automated warehouses
d) None of the above

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9. ___________ uses advanced materials handling systems under the direction of a central computer.

a) Storage warehouses
b) Distribution warehouses
c) Automated warehouses
d) None of the above

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10. Inventory cost____________ at an accelerating pace as the customer-service level increase move toward 100%.

a) Increases
b) Decreases
c) Stays equivalent
d) None of the above

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11. Order processing costs is a sum of running costs and set up costs.

a) True
b) False
c) Can't say
d) None of the above

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12. Order processing costs a unit _________ with the number of units ordered.

a) Increases
b) Decreases
c) Stays equivalent
d) None of the above

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