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Q:

In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even if they seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements.

Statement:
(I) Major companies are nowadays surviving because of the strong supply chain system.
(II) Supply chain comprises of logistics, retailers and distributers.

Conclusions:
(I) Retailers play most important role because they interact with customers on first hand.
(II) If an organization has strong logistics, then product can easily be available to the customers in such an era of competition.

 

A) Only conclusion II follows B) Conclusion I and II both follow
C) Neither I nor II follow D) Only conclusion I follows
 
Answer & Explanation Answer: A) Only conclusion II follows

Explanation:
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Filed Under: Statement and Conclusions
Exam Prep: Bank Exams

Q:

According to the report by the Commerce Ministry ‘Logistics Ease Across Different States (LEADS)’, which of the following state has topped the Logistic Index Chart?

A) Maharashtra B) Andhra Pradesh
C) Gujarat D) Karnataka
 
Answer & Explanation Answer: C) Gujarat

Explanation:

According to the report by the Commerce Ministry ‘Logistics Ease Across Different States (LEADS)’, Gujarat has topped the Logistic Index Chart, an indicator of the efficiency of logistics services necessary for promoting exports in particular, and economic growth in general. Gujarat is followed by Punjab, Andhra Pradesh, Karnataka and Maharashtra on the index.

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Filed Under: Indian Economy

Q:

Managing retailing, wholesaling and market logistics :

What are the essential characteristics of retailing?

Answer

a.Direct interaction with customers: The retailer acts as the final link between the organisation and its customer. The retailer knows his customer better than anyone. He even suggests the customer what to purchase and allows him credit facilities to encourage frequent buying behaviour in the customer.


b.Small purchases: The customer purchases goods in small lots from the retail stores. So there are frequent visits to the retail store by the customer.


c.Instrument of marketing communication: via which information about the product is disseminated to the needy customers

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Subject: Marketing and Sales

Q:

Managing retailing, wholesaling and market logistics :

What is logistics management?

Answer

Logistics management is the part of supply chain management that plans, implements, and controls the efficient, effective, forward, and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer's requirements.


 


 

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Subject: Marketing and Sales

Q:

Business area is determined for accounting documents generated automatically from logistics modules are on the basis of

A. plant-division combination

B. plant-sales area combination

C. plant-division-distribution channel combination

D. plant-division combination and sales area

Answer

Answer : D

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Subject: SAP FI