Physical Distribution Has a Special Relationship to Marketing

question 29

Essay

Physical distribution has a special relationship to marketing. What is the nature of the relationship between logistics and marketing? Is the relationship becoming more or less important? Why?

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Definitions:

Claims

Demands for payment or entitlements to compensation for loss, damage, or injury; often encountered in insurance and legal contexts.

Creditors

Entities or organizations that provide loans or offer credit facilities to people.

Liabilities

Liabilities are financial obligations or debts that a company owes to others, which are expected to be settled in the future through the transfer of assets, provision of services, or other economic benefits.

Owner's Equity

The residual interest in the assets of the enterprise after deducting liabilities, representing the capital owned by the proprietors.