Exam 16: Logistics

Key to business logistics are three major concepts: (1)the systems concept,(2)the total cost concept,and (3)the trade-off concept.

The purpose of the ________ is to minimize the firm's overall logistics cost by implementing the systems concept appropriately.

Explain the packaging issues that international shippers may face.

A negotiable bill of lading that can be bought,sold,or traded while the subject goods are still in transit and that is used for letter of credit transactions is referred to as a(n)________.

A significant characteristic of the ________ approach to international logistics is the existence of headquarters staff that retains decision-making power over logistics activities affecting international subsidiaries.

Areas where foreign goods may be held or processed and then reported without incurring duties are called ________.

The ________ is a decision paradigm that recognizes linkages within the decision system.

The total time that passes between the placement of an order and the receipt of the product is referred to as ________.

The price quoted by an exporter for shipments not involving waterway transport,not including insurance,is called ________.

________ refers to the transport of goods by air.

The responsibility for appropriate packaging rests with the ________ of goods.

A decision concept that recognizes linkages within the decision system is known as ________.

Reverse logistics concerns the handling and disposition of returned products and use of related materials and information.

When selecting a mode of transport,the manager must consider the performance of each mode on the following dimensions:

________ refers to the transfer of freight from one mode or type of transportation to another.

________ are the internationally accepted standard definitions for terms of sale set by the International Chamber of Commerce since 1936.

Retrieval of recyclable goods should not be restricted to short-term consumer goods,such as bottles.

All parties of the arrangement benefit from foreign trade zones.

In Germany,car manufacturers are required to take back their used vehicles for dismantling and recycling purposes.This is an example of ________.

Areas created by a country to attract foreign investors,in which there are no tariffs,substantial tax incentives,and low prices for land and labor are known as ________.