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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