60. Damages, inconsistent service and lack of accessibility are all disadvantages of
A. cyberspace.
B. pipelines.
61. What is intermodal transportation?
62. A British company manufactures specialty teas and sells them to a retailer in Estes Park, Colorado. In order to get the
product to the end-user, the teas are shipped via ocean liner to a port in the Gulf of Mexico and then placed on a railway car to
Denver, Colorado. From Denver, the tea is placed on a truck and taken to the retailer in Estes Park. This is an example of
63. While on vacation in Europe, Maria purchased an antique porcelain vase valued at $25,000. She needs to have it delivered
to her home in Kentucky. What would be the best mode of transportation for this item?
64. Compare the various modes of transportation. Which one has a low cost and very high capacity, but is slow in delivery?
A. rail transportation
B. motor transportation via trucks
65. According to your text, all of the following are factors that companies must consider in choosing a transportation mode
except
66. A commitment to adopting a lifestyle that meets the needs of the present without compromising the ability of future
generations to meet their own needs is referred to as
67. All of the following are factors that affect a company’s sustainability profile except
A. sourcing of materials and goods.
B. transportation mode selection.
68. The process of purchasing goods and services that takes into account the long-term impact on people, profits, and planet is
called
A. green purchasing.
B. sustainable procurement.
69. Jared’s company is based in the United States and practices sustainable sourcing. Because his company gets materials and
finished products from Canada and Mexico, its sourcing is referred to as
70. A company that practices disintermediation is doing which of the following?
A. estimating inventory based on forecasts of average demand
B. using several distribution centers to streamline its delivery process
71. The attempt by companies to reduce the amount of products that end up in a land fill by repairing returned goods or finding
new buyers for products that are unwanted by retailers has what type of supply chain?
72. A _____ _____ delivers value to the end customer by leveraging the resources and skills of its various component firms.
73. A set of three or more companies directly linked by one or more of the upstream and downstream flows of products,
services, finances, and information from a source to a customer is referred to as a _____ _____.
74. In a supply chain, the flow of products travels downstream through _______ channels such as wholesalers, distributors, and
retailers.
75. A _____ _____ _____ is a management philosophy that guides the actions of company members toward the goal of actively
managing the upstream and downstream flows of goods, services, finances, and information across the supply chain.
76. The set of activities a firm takes to coordinate the various flows within a supply chain is referred to as _____ _____ _____.
77. _____ _____ _____ are the costs required to make or buy a product, including risk of obsolescence, taxes, insurance, and
warehousing space used to store the goods.
78. For an integrated supply chain to work, companies must be willing to embrace ______-based strategies.
79. If a company’s marketing strategy includes objectives related to cost competitiveness and good customer service, it should
consider using a _______ supply chain strategy.
80. In a _____ strategy, customer orders drive(s) manufacturing and distribution operations.
81. In a push-pull strategy, the initial stages of the supply chain operate on a _______ system.
82. If cost reduction is part of a firm’s strategy, a _______ system will allow it to achieve cost savings through economies of
scale in purchasing, manufacturing, and transportation.
83. _______ is that part of supply chain management that plans, implements, and controls the flow of goods, services, and
information between the point of origin and the final customer.
84. The distribution activities associated with logistics relate to the _______ aspect of the 4 Ps of the marketing mix.
85. A company that outsources some or all of its logistics activities is engaged in _____ logistics.
86. _____ inventory is inventory a firm carries in inventory to meet average demand.
87. Inventory that can no longer be sold is _____ inventory.
08–30
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 1 Easy
Learning Objective: 09-05 Describe the various logistics functions and their relationship to the marketing mix.
Topic: Logistics
88. Firms with products in the introductory stage of the product life cycle often rely on _______ inventory—inventory that is in
transit between suppliers and customers.
89. Every summer for two weeks the pipe manufacturing plant closes to allow its employees to take vacations. In order to make
sure he has enough pipe on hand to cover the shutdown, Bob’s plumbing shop orders more pipe than usual to make sure he
doesn’t run out of inventory. This is referred to as _______ stock.
90. The costs to place and process orders for materials and finished goods are _______ costs.
91. _____ _____ is calculated by dividing the cost of goods sold by the company’s average inventory level.
92. Days of supply is calculated by dividing the _____ on hand by the average daily usage or sales.
93. A _____ _____ is a legal obligation to buy a certain amount of product at a certain price from a supplier to be delivered at a
specified date.
94. Purchasing managers monitor ________ performance by measuring quality, on-time delivery, rapid response to problems,
and accuracy of invoices.
95. The inbound movement and storage of materials in preparation for those materials to enter and flow through the
manufacturing process is referred to as _______ management.
96. The North Face has just completed the manufacture of its new line of winter jackets. It will now ship them to a ________
center where the jackets will be sorted and allocated to various retail outlets.
97. Product _______ involves receiving goods from various suppliers, storing the goods until they’re ordered by a customer, and
consolidating orders to achieve transportation economies of scale.
98. The distribution center activity that involves picking available goods to fill customer orders is product _______.
99. A _____ occurs when a company does not have enough inventory available to fill an order.