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Explain What the Terms Global Logistics, Materials Management, and Physical

question 126

Essay

Explain what the terms global logistics, materials management, and physical distribution mean.Describe the various operations and procedures encompassed by these terms.


Definitions:

Two-Month Intervals

Time periods that occur or are calculated every two months.

Floating Rate

An interest rate that changes over time with the market or along with another interest rate index.

Interest

The expense incurred from borrowing funds or the income earned by lending funds, typically represented as a percentage of the principal amount.

Declined

Refers to a decrease in quantity, quality, or importance of something.

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