Answer the following statements true (T) or false (F)
1) Logistics is concerned with only the transportation of goods across the supply chain.
2) Logistics cost as a percentage of GDP is higher for the United States as compared to China.
3) More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries.
4) A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally.
5) Logistics deals with planning, implementing and controlling the flow and storage of goods, services and related information.
1) FALSE
2) FALSE
3) TRUE
4) FALSE
5) TRUE
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What will be an ideal response?
_______, on the other hand, are customer initiated business contacts with the supplier firm
a. Leads b. Inquiries c. Prospects d. Prospecting
________ is an illegal use of patents that occurs when a holder issues a license to another individual to use a patented object only if the licensee agrees to buy some non-patented product from the holder
A) Cross-licensing B) Full-line vending C) Franchising D) Tying arrangement
The county office in which recordings of property transfer are to be filed varies by state
Indicate whether the statement is true or false