Logistics and insurance

The place where goods are stored

• supply chain

• streamlined

• raw materials

• warehouses

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• coinsurance
• life insurance
• premium

is the overall process of managing how resources are acquired, stored and transported to the final destination

Logistics involve

• transportation

• warehousing

• stock management

• all are true

Efficient distribution ensures manufacturers and retailers

• have to hold a large stock of materials or goods.

• don’t have to hold a large stock of materials or goods, thus reducing cost and waste.

• don’t have to hold a large stock of materials or goods, thus growing the cost and waste.

Example fo IT in distribution:

• Product tracking systems

• automated warehousing

• Product tracking systems and automated warehousing

• robots and drones

RFID stands for

size, weight, value, fragility, perishability, danger are example of ....... factors

• Time and distance

• The product

• Cost of transport

• The customer

term of sale, order size, customer importance are example of ....... factors

• External factors

• The product

• The customer

• Time and distance