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Three types of logistics functions include military, business, and global.
Demand Curve
A graph showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.
Total Costs
The sum of all expenses incurred by a company in producing goods or offering services, encompassing both fixed and variable costs.
Daily Profit
The net earnings calculated after subtracting total expenses from total revenues generated within a single day.
Capacity
The maximum output or producing ability of a facility, machine, firm, or economy.
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