Logistics vs SCM Market Division and Cost Types Questions
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Q1
· Watch the short video at the following link https://www.youtube.com/watch?v=lZPO5RclZEo
· How is Logistics Management different from SCM?
Q2
· Watch the short video at the following link
https://www.youtube.com/watch?v=dD0KQr0LITE
· How do logistics companies divide the market?
Q3
The following table shows various costs incurred by a manufacturing company:
Cost | Variable cost | Fixed Cost |
Depreciation of executive jet | ||
Cost of shipping finished goods to customers | ||
Wood used in manufacturing furniture | ||
Sales manager’s salary | ||
Electricity used in manufacturing furniture | ||
Packing supplies for shipping products | ||
Sand used in manufacturing concrete | ||
Supervisor’s salary | ||
Advertising costs | ||
Executive’s life insurance |
· Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.
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