8. Generally, as demand for products increase, so the ... . for transport facilities will increase. (a) Demand (b) Desire (c) Supply (d) Transfer 9. The purpose of distribution is to ensure among other things that a customer receives an order at the right place, in the correct quantity, and: (a) At the right price (b) At the right time (c) In the best condition (d) All of the above 10. A good that must be somewhere on or before a certain specific time is described as: (a) Form-sensitive good (b) Perishable good (c) Place-sensitive good (d) Time-sensitive good 11. An effective distribution system in a nation delivers all of the following except: (a) Enhances profitability of fims (b) Reduces the cost of production (c) Increases the responsiveness of firms (d) Increases the frequency of movement along the supply chain 12. At higher prices, a lower number or amount of transport services will be demanded or purchased than at lower prices. Ceteris paribus: This is often referred to as: (a) A statement of fact on transport services (b) The theory of demand for transportation (c) The Law of demand for transportation (d) All of the above 13. There are a number of factors both human and non-human that affect or impact the effectivencss of any distribution network. Which of the following is not one of them? (a) Flexibility of the system (b) Government involvement (c) People (d) Places 14. Transport and distribution operations that are environmentally friendly are referred to as: (a) Efficient transportation operations (b) Effective distribution operations (c) Globally sensitive operations (d) Green operations
8. Generally, as demand for products increase, so the ... . for transport facilities will increase. (a) Demand (b) Desire (c) Supply (d) Transfer 9. The purpose of distribution is to ensure among other things that a customer receives an order at the right place, in the correct quantity, and: (a) At the right price (b) At the right time (c) In the best condition (d) All of the above 10. A good that must be somewhere on or before a certain specific time is described as: (a) Form-sensitive good (b) Perishable good (c) Place-sensitive good (d) Time-sensitive good 11. An effective distribution system in a nation delivers all of the following except: (a) Enhances profitability of fims (b) Reduces the cost of production (c) Increases the responsiveness of firms (d) Increases the frequency of movement along the supply chain 12. At higher prices, a lower number or amount of transport services will be demanded or purchased than at lower prices. Ceteris paribus: This is often referred to as: (a) A statement of fact on transport services (b) The theory of demand for transportation (c) The Law of demand for transportation (d) All of the above 13. There are a number of factors both human and non-human that affect or impact the effectivencss of any distribution network. Which of the following is not one of them? (a) Flexibility of the system (b) Government involvement (c) People (d) Places 14. Transport and distribution operations that are environmentally friendly are referred to as: (a) Efficient transportation operations (b) Effective distribution operations (c) Globally sensitive operations (d) Green operations
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:8. Generally, as demand for products increase, so the
for transport facilities will
.......
increase.
(a) Demand
(b) Desire
(c) Supply
(d) Transfer
9. The purpose of distribution is to ensure among other things that a customer receives an order at
the right place, in the correct quantity, and:
(a) At the right price
(b) At the right time
(c) In the best condition
(d) All of the above
10. A good that must be somewhere on or before a certain specific time is described as:
(a) Form-sensitive good
(b) Perishable good
(c) Place-sensitive good
(d) Time-sensitive good
11. An effective distribution system in a nation delivers all of the following except:
(a) Enhances profitability of firms
(b) Reduces the cost of production
(c) Increases the responsiveness of firms
(d) Increases the frequency of movement along the supply chain
12. At higher prices, a lower number or amount of transport services will be demanded or
purchased than at lower prices. Ceteris paribus: This is often referred to as:
(a) A statement of fact on transport services
(b) The theory of demand for transportation
(c) The Law of demand for transportation
(d) All of the above
13. There are a number of factors both human and non-human that affect or impact the
effectivencss of any distribution network. Which of the following is not one of them?
(a) Flexibility of the system
(b) Government involvement
(c) People
(d) Places
14. Transport and distribution operations that are environmentally friendly are referred to as:
(a) Efficient transportation operations
(b) Effective distribution operations
(c) Globally sensitive operations
(d) Green operations
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