15.The utility that is created by moving goods from surplus points to points wheredemand exists is referred to as:16.Which is created when a product or service is at a point when demanded bycustomers?17.Time utility depends oninventory costsb.transportation costsc.shipper-related costsd.administrative costs18.What is often the largest component of logistics costs?a.inventory costsb.transportation costsc.shipper-related costsd.administrative costs
ANSWER: b
20.Marketers have begun to recognize the strategic value of place in the marketing mix,as well as the benefits resulting from high-quality logistical services. As a result, which has beenrecognized as the interface activity between marketing and logistics?
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21.Celebrated Products is introducing a new line of celebrity signature sunglasses. Thesales manager wants a media blitz to make customers aware of the line and create early sales typical ofa "pull" pattern. Which will be a likely result of the marketing manager's plan?
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22.What activity is described as the movement of goods into a warehouse, the placementof goods in a warehouse, and the movement of goods from storage to order picking areas andeventually to dock areas for transportation out of the warehouse?
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23.A(n) ____ relationship exists between the cost of lost sales and inventory cost.
19.Materials handling is concerned with
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