The ________________minimises the firm's overall logistics cost within the entire system.Its implementation requires that the members of the system understand the sources of costs.
A)total cost concept
B)profit maximisation concept
C)cost-based concept
D)trade-off concept

Question

Quizplus · Accepted Answer

The total cost concept in logistics emphasizes minimizing the overall logistics cost across the entire system, rather than focusing on individual components. It requires understanding all sources of costs to achieve this optimization.

The ________________Minimises the Firm's Overall Logistics Cost Within the Entire