The goal of this exercise is to demonstrate your understanding of the total logistic cost factors, which are expenses to be mini
mized Roll over each firm name to reveal a logistic activity faced by the firm. Then identify which type of the logistic cost factor the activity represents by dropping it onto the proper spot in the graphic. Hyundai SC Johnson Walgreens Ford LOGISTICS COST FACTORCostco TransportationKmart Warehousing & Materials HandlingFrito-Lay Order processingToyota StockoutsChrysler InventorySafeway Return Products Handling Philips Franchising is a variation of:_________.a. corporate vertical marketing systems b. cooperative vertical marketing systems. c. administered vertical marketing systems d. contractual vertical marketing systems. e. wholesaler-sponsored voluntary systems
1 answer:
Answer and Explanation:
Stockouts logistics cost factor-
Safeway,
Kmart
Transportation logistics cost factor-
Hyundai,
Ford
Inventory logistics cost factor-
Toyota,
Frito Lay
Return goods handling logistics cost factor-
Phillips,
Costco
Warehousing and materials handling logistics cost factor -
Coca Cola,
Walgreens
Order processing logistics cost factor-
SC Johnson,
Chrysler
logistics cost factors are cost factors associated with logistics ( concerned with acquisition, storage and transportation ofresources) based on the kind of business or kind of products or services a company is into. From the above we see that logistics cost factors vary as the companies are into different products or services and industries and therefore face different logistics costs associated with their production and or delivery. Every company aims to achieve logistics efficiency through minimizing costs associated with their logistics costs factors example Hyundai with transportation logistics cost factors would aim to reduce it's logistics cost factors and maximise profits by its locating it's manufacturing plant close to where it imports parts for it's vehicle manufacturing so as to reduce cost of transporting vehicle parts to manufacturing plant
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Answer:
2 and 4
Explanation:
Japanese worker can produce 6 units of steel or 3 televisions per hour.
Korean worker can produce 8 units of steel or 2 televisions per hour.
Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.
Thus,
Opportunity cost of television for Japan =
Opportunity cost of television for Korea =
