What is logistics? What functions does it serve?
What will be an ideal response?
From a marketing context, the field of logistics involves planning, delivering, and controlling the flow of goods to
markets to fulfill customer demands. Logistics decisions include order processing (how should we handle orders?),
warehousing (where should we locate our stock?), inventory (how much stock should we hold?), transportation
(how should we ship our products?), and location (where shall we place our retail stores or service centers?).
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Interviews can be viewed as a ______ form of communication due to the conversational exchange between two parties.
a. transactional b. cognitive c. psychological d. relational
Cultural differences are the sole cause of breakdowns in cross-cultural encounters
Indicate whether this statement is true or false.
Larson & Son manufactured welders that frequently malfunctioned, setting clothing on fire and causing serious burns. Larson & Son sold all of its assets to Argo Co, which continued to manufacture the Larson welder product line. Eighteen months after Argo's purchase, one of Larson's customers sued Argo for injuries caused by a welder purchased from Larson, one year prior to the purchase by Argo
Under the circumstances, Argo Co: A) cannot be held liable, because it is a corporation. B) cannot be held liable, because it did not manufacture the welder in question. C) might be held liable for this debt in some states under strict tort liability. D) would definitely be liable.
Bond covenants place some restrictions on the firm in such a way as to improve the odds that the bondholders will be repaid
Indicate whether the statement is true or false