A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing, is called:
a. outsourcing.
b. mediation.
c. intermediary distribution.
d. benchmarking.
ANSWER: a
A manufacturer's or supplier's use of an independent third party to manage an entire function of the logistics system, such as transportation, warehousing, or order processing, is called outsourcing. The outsourcing of a business process from one country to another is for the purpose of gaining economic advantage.
You might also like to view...
The question of "How strongly are sales related to advertising expenditures when the effect of price is controlled?" is best answered via ________
A) bivariate regression analysis B) partial correlation coefficient C) ANOVA D) product moment correlation
To be locally responsive, managers need to determine the unique needs of customers and markets country by country
Indicate whether the statement is true or false