Key to business logistics are three major concepts: (1)the systems concept,(2)the total cost concept,and (3)the trade-off concept.

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These three concepts are indeed key to business logistics. The systems concept focuses on the interdependence of various components in the logistics system and how changes in one component can affect the entire system. The total cost concept involves considering all costs associated with logistics, not just transportation costs, in order to make informed decisions. The trade-off concept involves balancing different logistics factors, such as cost and service level, to find the most optimal solution.

Key to Business Logistics Are Three Major Concepts: (1)the Systems