TERMS | VOCABULARY | COMPONENTS |
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The movement, storage, and flow of goods, services and information inside and outside the organization.
LOGISTICS
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Spell the word that means a part or element of a larger whole.
COMPONENTS
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What is forward flow of goods?
Forward Logistics are used to manage the forward movement of goods from raw materials to the consumer.
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Activities a company undertakes to promote the buying or selling of a product or service.
MARKETING
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Spell the words that means terms which a buyer and seller agree upon to purchase goods and services.
TERMS OF SALE
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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.
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Refer to the things an individual or organization undertakes to boost the sales of services/products and also to improve its brand.
MARKETING ACTIVITIES
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Spell the word that means involving two or more different modes of transportation (relating to logistic terms)
INTERMODAL
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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.
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These are all marketing activities.
Pricing, Packaging, Sales Promotion, Branding, Advertising and Distribution
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Spell the word that means a market structure characterized by a single seller, selling a unique product in the market.
MONOPOLY
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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. |
The management of the flow of goods and services and includes all processes that transform raw materials into final products.
SUPPLY CHAIN MANAGEMENT
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Spell the word that means things the government can put in place to better a situation.
MEASURES
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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
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