D470 Transportation, Logistics, and Distribution - Set 1 - Part 1

Correct Answer: Product C

Product C has the highest volume-to-weight ratio, making it the most efficient for distribution as it can occupy more volume while still maintaining a lower weight.

Correct Answer: Growth

The growth stage is where sales increase rapidly due to product acceptance and market expansion.

Correct Answer: Variability-based production

A variability-based strategy is designed to handle fluctuations in demand, offering flexibility in production volume.

Correct Answer: Continuous production

Continuous production is ideal for producing high-volume, standardized products like chemicals for water treatment.

Correct Answer: Quality performance

Quality performance ensures that the production process is efficient, reducing waste and improving the overall value to the customer.

Correct Answer: The number of facilities decreases.

Reducing costs often results in fewer facilities to minimize operational overhead.

Correct Answer: It decreases logistics costs.

Producing private-label products reduces the need for purchasing and transporting branded items, lowering logistics costs.

Correct Answer: Sales increase at an increasing rate.

In the introduction phase, early adopters drive sales up rapidly as the market becomes aware of the product.

Correct Answer: Reverse logistics

Reverse logistics involves managing the return and recycling of products, making it critical for improving recycling operations.

Correct Answer: Break-bulk

Break-bulk operations involve splitting large shipments into smaller ones for distribution to multiple locations.

Correct Answer: Incentive

An incentive is a government action aimed at encouraging specific behavior, such as purchasing electric vehicles.

Correct Answer: Pick up lots from suppliers after customer drop-offs.

Picking up loads from suppliers after customer deliveries ensures vehicles are utilized efficiently on return trips.

Correct Answer: Vehicle maintenance

Maintaining vehicles is crucial for ensuring operational efficiency and minimizing downtime in transportation.

Correct Answer: To reduce logistics costs

Outsourcing allows companies to benefit from the economies of scale and expertise of third-party providers, reducing costs.

Correct Answer: By managing the entire supply chain

4PL providers manage the entire supply chain, including all logistics, transportation, and warehousing.

Correct Answer: Air

Air transport is best for shipping high-value, fragile items quickly and safely over long distances.

Correct Answer: Bunker adjustment surcharge

The bunker adjustment surcharge accounts for fluctuating fuel prices in marine transport.

Correct Answer: Weight and volume

Weight and volume are key considerations for determining the type of vehicle and transportation required for large shipments.

Correct Answer: Trade Facilitation Agreement (TFA)

The TFA focuses on simplifying and harmonizing customs procedures to facilitate global trade.

Correct Answer: Make customs procedures more predictable

The Kyoto Customs Convention aims to streamline and standardize customs processes, making them more predictable.