Name the three different types of logistics and explain why they are important for businesses.
What will be an ideal response?
1. Outbound logistics: An internal flow going one direction-that is, logistics starts with production and ends with the receipt of the finished good by the end-user consumer or business user. This is the flow of products from one business to the user in the most basic form.
2. Inbound logistics: This refers to sourcing materials and knowledge inputs from external suppliers. This ensures the company has the correct supplies to produce the products. This can include the transportation, storage, and delivery of goods for production.
3. Reverse logistics: This deals with how to get goods back to a manufacturer or intermediary after purchase. This is especially important regarding product returns, because they can result for many reasons including spoilage and breakage, excess inventory, customer dissatisfaction, and overstocks.
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Describe the impact of the EU on the non-EU firm.
What will be an ideal response?
As you choose data sources for a research project—
a. you will often use secondary data sources before primary sources. b. you will rarely confront ethical dilemmas. c. you should use the most convenient data sources. d. you will get your most valuable data from friendly primary sources.
Which category of product adopters relies on others for information and buys a product because their friends have already done so?
A. early adopter B. late majority C. laggards D. early majority E. innovators
What is the purpose of the solutions section of the business plan?
a. To describe the product and service portfolio b. To describe the staging of that portfolio c. To describe any IP that is in the business d. All of the above