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What is the main reason why companies opt for third-party logistics (3PL) services?
  • a)
    To increase their inventory management costs.
  • b)
    To focus on core competencies and improve customer satisfaction.
  • c)
    To lower the cost of manufacturing and new product development.
  • d)
    To expand into new markets quickly without any cash outlay.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What is the main reason why companies opt for third-party logistics (3...
The main reason why companies opt for third-party logistics (3PL) services is to focus on their core competencies, such as new product development and manufacturing, while outsourcing logistics and distribution activities to improve customer satisfaction and efficiency.
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What is the main reason why companies opt for third-party logistics (3PL) services?a)To increase their inventory management costs.b)To focus on core competencies and improve customer satisfaction.c)To lower the cost of manufacturing and new product development.d)To expand into new markets quickly without any cash outlay.Correct answer is option 'B'. Can you explain this answer?
Question Description
What is the main reason why companies opt for third-party logistics (3PL) services?a)To increase their inventory management costs.b)To focus on core competencies and improve customer satisfaction.c)To lower the cost of manufacturing and new product development.d)To expand into new markets quickly without any cash outlay.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the main reason why companies opt for third-party logistics (3PL) services?a)To increase their inventory management costs.b)To focus on core competencies and improve customer satisfaction.c)To lower the cost of manufacturing and new product development.d)To expand into new markets quickly without any cash outlay.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the main reason why companies opt for third-party logistics (3PL) services?a)To increase their inventory management costs.b)To focus on core competencies and improve customer satisfaction.c)To lower the cost of manufacturing and new product development.d)To expand into new markets quickly without any cash outlay.Correct answer is option 'B'. Can you explain this answer?.
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