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Explain what is meant by the total cost approach to logistics. Illustrate your answer with a...

Explain what is meant by the total cost approach to logistics. Illustrate your answer with a diagram

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Expert Solution

The answer to this question is shown in the pictures below , where the answer is written and further shown in the diagram with there subheadings.

Total cost approach to logistics basicaly shows that logistics should be the integral part of the system which could reduce the cost for the business to get more profitable.

Logistics in business means organized movement of products and materials as well as their storage and packing.

Further shown below

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Thank you!

Rahul Sunny answered 1 year ago
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