What is the primary focus of logistics?

• Production planning

• Efficient movement and storage of goods

• Marketing strategies

• Financial management

Which of the following best defines logistics?

• Managing customer relationships

• Designing new products
  
  

• Planning, implementing, and controlling the flow of goods and services

• Conducting market research

Which of the following is NOT an objective of logistics?

• Cost reduction

• Customer satisfaction

• Maximizing inventory levels

• Timely delivery

Which type of logistics focuses on the movement of finished goods to customers?

• Inbound logistics
  
  

• Outbound logistics

• Reverse logistics
  
  

• Third-party logistics

Why is logistics management essential in business?

• To reduce employee turnover
  
  

• To ensure efficient flow of goods and services

• To increase advertising costs

• To eliminate competition

How has logistics evolved over time?

• From a focus on production to a focus on supply chain integration

• From a focus on marketing to a focus on finance

• From a focus on inventory to a focus on advertising

• From a focus on sales to a focus on HR management

Which factor has contributed to the growth of the logistics industry in India?

• Decrease in e-commerce
  
  

• Poor infrastructure
  
  

• Government initiatives like GST and Make in India

• Lack of skilled workforce

Which of the following is a logistical activity?

• Advertising
  
  

• Warehousing

• Product design

• Recruitment

Which of the following is a major component of logistics costs?

• Employee salaries

• Transportation costs

• Advertising expenses

• Research and development

What is the expected cost of stockouts?

• The cost of holding excess inventory

• The cost of transportation

• The cost of losing sales due to unavailability of products

• The cost of warehousing