BUSN 4310 - LPS

What is the primary role of a Logistics Service Provider (LSP)?

• To provide legal advice to shipping companies.

• To manage and execute the transportation and storage of goods.

• To design and manufacture packaging materials.

• To offer financial loans to retail businesses.

In logistics, what does 3PL stand for?

• Third-Party Logistics

• Three-Phase Logistics

• Triple Play Logistics

• Third-Place Logistics

Which technology is increasingly being used by Logistics Service Providers to track shipments in real-time?

• Blockchain

• Virtual Reality

• Radio Frequency Identification (RFID)

• 3D Printing

What is the ultimate goal of logistics optimization by Logistics Service Providers?

• To increase the time it takes to deliver goods

• To reduce the environmental impact of logistics

• To maximize profits by increasing logistics costs

• To minimize costs and improve efficiency in the supply chain

If a Logistics Service Provider were a superhero, what would be their superpower?

• The incredible strength to lift heavy packages

• X-ray vision to see inside containers without opening them

• Super speed to deliver packages faster than email

• The ability to teleport traffic jams into another dimension