The systems approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm. True or False

A stock$-$keeping unit $($SKU$)$ refers to a line item of inventory offered for sale by a company. True or False

Physical distribution is synonymous with materials management. True or False

Interfunctional logistics attempts to coordinate materials management and physical distribution in a cost$-$efficient manner that supports an organization's customer service objectives. True o$,$r False

The key to the total cost approach is that alt relevant cost items are considered simultaneously when making a decision. True or False

The finance department tends to measure inventory in terms of units whereas logistics tends to measure inventory in terms of its cost or value. Tr$$ue or False

Long production runs sometimes result in excessive inventory of products with limited demand for them. True or False

Postponement is the delay of value$-$added activities such as assembly, production, and packaging to the latest possible time. True or False

Logistics offers many companies an important route for creating marketing superiority. True or False

Dual distribution refers to an alliance that allows customers to purchase products from two or more name$-$brand retailers at one store location. Truer or False

Landed costs refer to the price of a product at its source. True or False

Stockouts refer to a situation in which a company is out of an item at the same time that there is demand for that item. True or False

Logistical decisions tend not to be impacted by marketers' growing emphasis on offering sustainable products. True or False

Many promotional decisions, such as pricing campaigns that lower the price of certain items, require close coordination between marketing and logistics$.$ True or False