______________ is a short declaration of what an organisation aspires to be tomorrow.It is the ideal state that might never reached but which you continuously strive to achieve.
Detailed Answer
Correct answer: (B)
vision
2
From the economic system’s point of view ,the role of marketing intermediaries is to transform the assortment of products made by producers in to the assortment of products wanted by ______________
Detailed Answer
Correct answer: (A)
consumers
3
It is common for international marketers to ______________ their channel strategies for each country.
Detailed Answer
Correct answer: (A)
adapt
4
To reduce inventory management costs, many companies use a system called ______________ , which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.
Detailed Answer
Correct answer: (D)
just-in-time logistics
5
Rolex watches can only be found in a limited number of intermediaries. This is an example of ______________
Detailed Answer
Correct answer: (D)
exclusive distribution
6
______________ is the design of seamless value-added processes across organization boundaries to meet the real needs of the end customer.
Detailed Answer
Correct answer: (B)
Supply chain management
7
Supply chain is also referred as ______________
Detailed Answer
Correct answer: (C)
logistic network
8
In supply chain process ______________ is defined as "the act of buying all those activities necessary to acquire goods and services consistent with user requirements.
Detailed Answer
Correct answer: (C)
procurement
9
The ______________ process is the firms face to the customer.
Detailed Answer
Correct answer: (D)
Customer service management
10
Logistics activities provide the bridge between production and market locations that are separated by ______________ and ______________