Question 45 (of 100) 45. The word cost-effective as it relates to the definition

Question

Question 45 (of 100) 45. The word cost-effective as it relates to the definition of logistics management Implies that O while it is important to drive down logistics costs, all channel members must equally benefit financialily or the chain will not function effectively O speed of delivery must be measured against increased savings O while it is important to drive down logistics costs, customer buying requirements must be a part of the equation O the need for multiple carriers always results in lower profit margins and therefore should be avolded. the choice of intermediaries should be mode on their ability to perform their tasks efficiently even if additional costs must be passed on to the consumer

Explanation / Answer

As per Chegg policy, I am answering the first MCQ as below.

MCQ 45: A company as a part of its overall cost reduction strategy has to certainly bring down the logistics cost as well. However, bringing down logistic costs should not be comprised with creating customer value and making the goods available to the customer at the right time and place. The flow of the goods has to be proper and intact.

Therefore the correct option is (C).

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