BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

RETAIL MARKETING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Every company must store finished goods until they are sold, because production and consumption cycles rarely match. That statement refers to one of major decisions about market logistics, that is ____
A
Inventory
B
Warehousing
C
Transportation
D
Place
Explanation: 

Detailed explanation-1: -Warehouses at Raw Material and Product Manufacturing Stages That finished product then gets stored in a finished goods warehouse as they wait for transport further down a supply chain.

Detailed explanation-2: -In a general business sense, logistics is the management of the flow of things between the point of origin and the point of consumption in order to meet requirements of customers or corporations.

Detailed explanation-3: -A warehouse management system (WMS) is a software solution that offers visibility into a business’ entire inventory and manages supply chain fulfillment operations from the distribution center to the store shelf.

Detailed explanation-4: -Direct Channels With direct channels, the company is fully responsible for delivering products to consumers. Goods do not go through intermediaries before reaching their final destination. This model gives manufacturers total control over the distribution channel.

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