Absolute and relative logistics costs in relation to gross domestic product $($GDP$)$ vary from country to country. True or False

The four general types of economic utility are production, possession, time, and place. True or False

Logistics clearly contributes to time and form utility. True or False

The current definition of logistics$,$ as promulgated by the Council of Supply Chain Management Professionals $($CSCMP$),$ suggests that logistics is part of supply chain management. True or False

Logistics is only concerned with forward flows $-$ that is$,$ those directed toward the point of consumption. True or False

The purpose of logistics is to maximize customer service. True or False

In mass logistics$,$ groups of customers with similar logistical needs and wants are provided with logistics services appropriate to those wants and needs. True or False

Humanitarian logistics represents an emerging application of logistics to not$-$for$-$profit organizations. True or False

Reductions in economic regulation allowed individual transportation companies flexibility in pricing and service. True or False

Market demassification suggests that the customer desires a product offering that is highly tailored to his exact preference. True or False

Disintermediation refers to the removal of intermediaries between producer and consumer. True or False

Superior logistics is an essential component of corporate strategies for many big$-$box retailers. True or False

Logistics has played a minor role in the growth of global trade. True or False