What is logistics utility (the value created through logistics) and what are the other 2 generic types of utility. Bring two examples of logistics utility?
Expert Answer
Answer- Logistics refers to the management of things between the requirements of customers and companies. Logistics includes physical things like food, materials, equipments, animals etc. It also includes abstract things like time and information. Today, there is a tough competition between markets. Logistics utility has become a key feature of these markets. Logistics utility is very important to create product value. Logistics utility changes the ways of representing goods like packaging, product
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