BUSINESS ADMINISTRATION
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Inventory
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Costing
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Transportation
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Warehousing
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Detailed explanation-1: -Warehousing is a part of the logistics process. It is a holding place for products and materials. Warehousing does not require any physical movement of inventory.
Detailed explanation-2: -Transportation: Transportation is a very essential component of physical distribution which plays a crucial role in movement of the stored goods from warehouse to the customers.
Detailed explanation-3: -The model of the physical distribution system consists of the following (cost) elements: inventory, transport, handling, and warehousing.
Detailed explanation-4: -Physical distribution in supply chain management deals with the series of actions that moves final products from production to the consumer. The channels involved include warehousing, inventory control, order processing, materials handling, transportation, and customer service.