APICS Certified in Logistics, Transportation and Distribution (CLTD) — Question 51

Selecting a third-party logistics (3PL) or fourth-party logistics (4PL) provider is an example of a(n):

Answer options

• A. strategic alliance
• B. joint venture
• C. acquisition
• D. internal function

Correct answer: B

Explanation

The correct answer is B, as a joint venture involves collaboration between companies to achieve a common goal, which aligns with selecting a logistics provider. Options A and D do not capture the collaborative nature of this selection, while C refers to a different type of business transaction.