Which of the following is true of logistics?
A) Shaving off a small fraction of logistics costs has very little impact on savings.
B) Companies can gain a powerful competitive advantage by using improved logistics to enhance customer service or lower prices.
C) The cost savings to a company and its customers due to improved logistics is typically nominal.
D) Less than 5 percent of an average product's price is accounted for by shipping and transport.
E) The cost of logistics is considerably less than advertising.

Question

Quizplus · Accepted Answer

Improved logistics can significantly enhance customer service and reduce costs, providing a competitive advantage by allowing companies to offer better service or lower prices.

Which of the Following Is True of Logistics