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B Com Exam  >  B Com Tests  >  Test: Introduction to Logistics Management - 2 - B Com MCQ

Test: Introduction to Logistics Management - 2 - B Com MCQ


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10 Questions MCQ Test - Test: Introduction to Logistics Management - 2

Test: Introduction to Logistics Management - 2 for B Com 2024 is part of B Com preparation. The Test: Introduction to Logistics Management - 2 questions and answers have been prepared according to the B Com exam syllabus.The Test: Introduction to Logistics Management - 2 MCQs are made for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Introduction to Logistics Management - 2 below.
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Test: Introduction to Logistics Management - 2 - Question 1
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What historical example illustrates the significance of logistics in military operations?

Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 1
The historical example that illustrates the significance of logistics in military operations is "The Napoleonic Wars." Logistics played a crucial role in the success or failure of military campaigns during this period. Napoleon Bonaparte's army faced logistical challenges, including supply lines and provisions, which had a direct impact on the outcomes of battles and campaigns.
Test: Introduction to Logistics Management - 2 - Question 2
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What is the key concept behind the "learning curve effect"?

Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 2
The key concept behind the "learning curve effect" is that "as the number of units produced increases, each unit can be produced more efficiently." This concept suggests that with experience and increased production, organizations can reduce the time and resources required to produce each additional unit, leading to cost savings.
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Test: Introduction to Logistics Management - 2 - Question 3
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What is the primary source of competitive advantage discussed in the text?

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The primary source of competitive advantage discussed in the text is "Cost reduction." The text emphasizes that effective logistics management can provide a major source of competitive advantage by operating at lower costs, which can lead to lower prices for customers and increased profitability for the organization.
Test: Introduction to Logistics Management - 2 - Question 4
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What does the term "value advantage" refer to in the context of competitive advantage?
Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 4
The term "value advantage" in the context of competitive advantage refers to "differentiating the product to provide unique benefits." It means that a product or offering is distinguished from competitors by offering additional value or benefits that are not available elsewhere, which can justify higher prices and customer preference.
Test: Introduction to Logistics Management - 2 - Question 5
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What is the primary mission of logistics management?
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The primary mission of logistics management is "to achieve desired levels of delivered service and quality at the lowest possible cost." It involves planning and coordinating all activities necessary to meet customer requirements efficiently while minimizing overall costs.
Test: Introduction to Logistics Management - 2 - Question 6
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What is the role of logistics management in achieving company-wide integration?
Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 6
The role of logistics management in achieving company-wide integration is "to align and coordinate activities across the organization." Instead of focusing on individual functions or prioritizing profit, logistics management works to ensure that various departments and functions within the company work together seamlessly to achieve desired levels of service, quality, and cost efficiency.
Test: Introduction to Logistics Management - 2 - Question 7
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What is the primary objective of benchmarking in logistics management?
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The primary objective of benchmarking in logistics management is "to compare an organization's performance with that of other organizations for improvement." Benchmarking helps organizations identify areas where they can learn from others and make necessary improvements to enhance their logistics operations.
Test: Introduction to Logistics Management - 2 - Question 8
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What pressing issue facing organizations today is related to the challenge of integrating and coordinating the flow of materials from multiple suppliers and managing distribution through intermediaries?
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The pressing issue facing organizations today related to the challenge of integrating and coordinating the flow of materials from multiple suppliers and managing distribution through intermediaries is "Organizational integration."
Test: Introduction to Logistics Management - 2 - Question 9
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What is the network of organizations involved in the processes that produce value in the form of products and services in the hands of the ultimate consumer called?
Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 9
The network of organizations involved in the processes that produce value in the form of products and services in the hands of the ultimate consumer is called the "supply chain."
Test: Introduction to Logistics Management - 2 - Question 10
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What is the term for the process of measuring an organization's overall performance against other organizations, often from the same industry?
Detailed Solution for Test: Introduction to Logistics Management - 2 - Question 10
The term for the process of measuring an organization's overall performance against other organizations, often from the same industry, is "Benchmarking." Benchmarking allows organizations to assess their performance relative to their competitors and learn from best practices to improve their own operations.
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