Logistics management refers to a. the practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements. b. the integration and organization of information and logistics activities across firms in a supply chain for the purpose of creating and delivering products and services that provide value to ultimate consumers. c. the integration and organization of information and logistical activities that actively brings consumers together with sellers through the express use of agents and brokers. d. systems that are designed to reduce a retailer’s lead time for receiving merchandise, which then lowers a retailer’s inventory investment, improves customer service levels, and reduces logistics expense. e. proprietary computer and telecommunication technologies to exchange electronic invoices, payments, and information among suppliers, manufacturers, wholesalers, and retailers.

the practice of organizing the cost-effective flow of raw materials, in-process inventory, finished goods, and related information from point of origin to point of consumption to satisfy customer requirements. More test answers on https://studyhippo.com/marketing-final-ch-15-16-17-18-half/

Do not take title to goods. More test answers on https://studyhippo.com/marketing-channels-chapter-2/

Agents and brokers: a. have a great deal of control and risk invested in the goods b. only represent manufacturers in sales situations c. have a great deal of input on the terms of the sale d. generally are on salary with the manufacturer e. do not take title to merchandise

e More test answers on https://studyhippo.com/marketing-chapters-13-16/

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