A distribution strategy ensures products arrive in the correct quantity and specification at the required destination on time. This reflects:

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The question states that a distribution strategy ensures products arrive in the "correct quantity" and "at the required destination on time."

• "Correct quantity" directly refers to quantity.
• "Required destination on time" refers to both place and time.

Therefore, the definition encompasses quantity, place, and time.

• a. "Right quantity only" is incomplete.
• b. "Right place only" is incomplete.
• d. "Lowest cost only" is not mentioned in the provided definition of the strategy's outcome.

The most accurate option that covers all aspects mentioned in the definition is "Both quantity and time/place."

The correct option is:
c. Both quantity and time/place