ENTREPRENEURIAL OPERATIONS
QUALITY CONTROL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The movement of goods, services, information and money throughout the production process.
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The purchase of goods, services and information.
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All people, businesses and activities in the production process.
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Holding stock just in case there is a delay in supplies
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Detailed explanation-1: -Logistics describes the process of coordinating and moving resources-people, materials, inventory, and equipment-from one location to storage at the desired destination. The term logistics originated in the military, referring to the movement of equipment and supplies to troops in the field.
Detailed explanation-2: -Outbound logistics are all about moving finished inventory out of a supply chain-that is, moving inventory out of storage, fulfilling orders, and delivering those orders to end customers.
Detailed explanation-3: -Logistics is a part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.