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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Agents And Brokers Flashcards, test questions and answers

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What is Agents And Brokers?

Agents and brokers are important professionals in the insurance industry. Agents and brokers are responsible for selling insurance policies to individuals and businesses, as well as providing advice on the best policies to suit their customers’ needs. They usually work with one or more insurance companies, helping clients select coverage that meets their specific needs. Insurance agents typically work for a single company, representing that company’s products exclusively. They may specialize in life, health, property, casualty or other types of insurance coverage. Agents must be licensed in each state where they operate; this requires passing a licensing exam and completing continuing education requirements each year. Insurance brokers are independent agents who represent several different companies at once to provide clients with a broad range of options from which to choose. Brokers often have knowledge of multiple markets so they can help customers find competitively priced coverage from many sources. In addition to offering advice about policy selection and coverage levels, brokers may also assist clients with claims filing services when needed. Ultimately, agents and brokers help people understand the complexities of buying insurance by providing personalized service and guidance throughout the process. It is important for customers to understand what type of agent they are working with so they can be sure they are getting the best advice possible when making decisions about their insurance policy selections.