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Which of the following statements about the European Union's expansion in recent decades is accurate?
Private Fleet
A company-owned collection of vehicles used to transport goods, as opposed to hiring external transportation services.
Inventory Cost
The total cost associated with holding and managing inventory, including storage, insurance, taxes, opportunity costs, and depreciation.
Supply Chain Network
A more complex version of a supply chain, involving multiple suppliers, manufacturers, and distribution channels creating a web of interconnected businesses.
Transportation Cost
The expenses incurred in the movement of goods from their manufacturing location to the end customer, including fuel, labor, vehicle maintenance, and tolls.
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