TERMS VOCABULARY COMPONENTS
100
The movement, storage, and flow of goods, services and information inside and outside the organization.
LOGISTICS
100
Spell the word that means a part or element of a larger whole.
COMPONENTS
100
What is forward flow of goods?
Forward Logistics are used to manage the forward movement of goods from raw materials to the consumer.
200
Activities a company undertakes to promote the buying or selling of a product or service.
MARKETING
200
Spell the words that means terms which a buyer and seller agree upon to purchase goods and services.
TERMS OF SALE
200
What is reverse flow of goods?
Reverse Logistics are those used to manage the 'reverse' movement of goods, from the end user to the manufacturer, or even back into raw materials through recycling.
300
Refer to the things an individual or organization undertakes to boost the sales of services/products and also to improve its brand.
MARKETING ACTIVITIES
300
Spell the word that means involving two or more different modes of transportation (relating to logistic terms)
INTERMODAL
300
What is storage of goods?
Storage of goods is defined as 'the marketing function that involves holding goods between the time of their production and their final sale.
400
These are all marketing activities.
Pricing, Packaging, Sales Promotion, Branding, Advertising and Distribution
400
Spell the word that means a market structure characterized by a single seller, selling a unique product in the market.
MONOPOLY
400
Define the term insurance
Insurance is an agreement between an insurance
company (the insurer) and someone who wants
financial protection (the insured – the prosper) that
compensation (indemnity) will be paid out if a
particular loss occur.
500
The management of the flow of goods and services and includes all processes that transform raw materials into final products.
SUPPLY CHAIN MANAGEMENT
500
Spell the word that means things the government can put in place to better a situation.
MEASURES
500
What is meant by relating information between destinations?
Transferring information from one person to another to the place to which someone or something is going or being sent






PRINCIPLES OF BUSINESS RECAP

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