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Principles of Business > supply chain and Logistics and marketing exam questions > Flashcards

supply chain and Logistics and marketing exam questions Flashcards

Learn about the supply chain and Logistics

1
Q

What is the definition of Logistics?

A

Logistics refers to the activities within company or organisation involving product distribution.

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2
Q

What is the definition of supply chain Operations?

A

Supply chain management refers to managing the flow of goods, finances, information and services.

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3
Q

What are the components of the Logistics process?

A

The components of the Logistics process are forward and reverse flow. It is the movement of goods both from delivery and customer to customer and delivery.

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4
Q

What is the chain of distribution?

A

The chain of distribution are the stages taken to get the product from the manufacturer to the consumer.

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5
Q

What are the modes of transportation?

A

The modes of transportation are Multimodal and Intermodal Transport.

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6
Q

What is multimodal Transport?

A

Multimodal Transportation is the transportation of goods under a singular contract but involves at least two different means of transport.

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7
Q

What is intermodal transport?

A

Intermodal Transport is the transportation of cargo from the origin of destination while using SEVERAL modes of transport, each mode with its on individual contract.

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8
Q

What are the 4 P’s of the Marketing mix

A

The four P’s are Price, Product, Promotion and place.

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9
Q

What is Digital Delivery in a form of transport?

A

Digital delivery is the form of transportation without physical delivery, digital delivery consist of e-books, music, movies, applications and software.

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10
Q

What is warehousing?

A

Warehousing is a commercial building where goods are temporarily stored or re-routed to other businesses.

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11
Q

What are the modes of transport by sea?

A

The modes of transport are cargo ships, oil tankers, pipelines and boats.

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12
Q

What are inbound functions?

A

inbound functions are packaging, labelling and assembling component parts.

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13
Q

What are outbound functions?

A

Outbound functions are the shipping of goods to its final destination

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14
Q

What role does insurance play in logistics?

A

Insurance ensures that the activities involved in the chain of distribution will be compensated if a loss occurs.

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15
Q

what are the methods of transport?

A

The methods of transport are air transportation, rail transportation, Road transportation, marine transport, digital delivery and pipeline transport

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16
Q

what is supply chain operations?

A

Supply chain operations refers to the management of the flow of goods or services along the supply chain.

17
Q

what does the distribution chain consist of?

A

The distribution chain consist of producer-wholesaler-retailer-consumer

18
Q

What is forward logistics?

A

Forward logistics are the activities to get the product from the supplier to the customer

19
Q

What is Reverse Logistics?

A

Reverse Logistics are the activities to get the product from the customer to supplier.

20
Q

What is e-tailer?

A

An e-tailer is a retailer sellings goods via internet transactions.

21
Q

What is portnet?

A
22
Q

What is e-commerce?

A
23
Q

What is a wholesaler

A

A wholesaler is a person or company that sells goods in large quantities at low prices.

24
Q

What is a consumer?

A

A consumer is the end user of the product.

25
Q

what is digital delivery?

A

Digital delivery is the distribution of content and services over the internet.

26
Q

What is an import license

A

An import license is a government issued document that allows companies to import a specific goods into the country.

27
Q

What is bill of lading

A

Bill of lading is a legally binded document that shows proof of ownership for the transportation of goods.

28
Q

What is an airway bill?

A

The air-transport document that shows goods shipped by an international courier and allow for tracking.

29
Q

Consumer protection agencies

A
30
Q

What are logistics hubs?

A
31
Q

What is trade credit?

A
32
Q

Lay way plan

A
33
Q

Product life cycle

A
34
Q

Market skimming

A
35
Q

What is insurance?

A
36
Q

What is a warranty?

A
37
Q

What is aftersales service?

A
38
Q
A

Principles of Business (12 decks)

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