1-Cheaper modes of transportation are preferred for products with a high-value t
ID: 381368 • Letter: 1
Question
1-Cheaper modes of transportation are preferred for products with a high-value to weight ratio, for which reducing transportation cost is important
A) True B) False
2-When making transportation decisions, a carrier goal is to minimize the total cost(transportation, inventory, information and facility) while providing an appropriate level of responsiveness to the customer.
A) True B) False
3-Sourcing a product overseas may have lower product cost but will generally incur a higher inbound transportation cost.
A) True B) False
4- A milk run is a route in which a truck either delivers product from a single supplier to multiple retailers or goes from multiple suppliers to a single retailer.
A) True B) False
Explanation / Answer
Answer 1 True
Faster modes of transportation are preferred for products with a high value-to weight ratio, reducing inventories is important, whereas cheaper modes are preferred for products with a small value-to-weight ratio, for which reducing transportation cost is important.
Answer 2 False
Answer 3 True
Sourcing a product overseas may have lower product cost but will generally incur a higher inbound transportation cost.
Answer 4 True
A milk run is a route in which a truck either delivers product from a single supplier to multiple retailers or goes from multiple suppliers to a single retailer.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.