Set: Chapter 12 - Marketing

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All 7 Terms

Term Definition
physical distribution concept all transporting storing, and product-handling activities of a business and a whole channel system should be coordinated as one system that seeks to minimize the cost of distribution for a given customer service level
Just in time delivery reliably getting products there just before the customer needs them
EDI an approach that puts information in a standardized format easily shared between different computer systems
Total cost approach involves evaluating each possible PD system and identifying all of the costs of each alternative
Private warehouses storing facilities owned or leased by companies for their own use
Public warehouses independent storing facilities
Distribution center a special kind of warehouse designed to speed the flow of goods and avoid unnecessary storing costs

Set Information

Terms 7
Creator tim987
Created May 4, 2008
Groups None
Tags principle of marketing, dr. king
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Most Missed Words

  1. physical distribution concept → all transporting storing, and product-handling activities of a business and a whole channel system should be coordinated as one system that seeks to minimize the cost of distribution for a given customer service level - 3 misses
  2. Private warehouses → storing facilities owned or leased by companies for their own use - 3 misses
  3. EDI → an approach that puts information in a standardized format easily shared between different computer systems - 1 miss
  4. Total cost approach → involves evaluating each possible PD system and identifying all of the costs of each alternative - 1 miss
  5. Distribution center → a special kind of warehouse designed to speed the flow of goods and avoid unnecessary storing costs - 1 miss