Examlex
Logistics encompasses a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics systems.
Contribution Margin
The amount remaining from sales revenue after variable expenses are deducted, contributing to covering fixed costs and generating profit.
Average Costs
The total costs (fixed and variable) divided by the total quantity produced, indicating the cost per unit of output on average.
Selling Price
The amount of money charged for a product or service, or the sum of the value that customers exchange for the benefits of having or using the product or service.
Product Costs
Product Costs are the costs directly associated with the production of goods or services, including materials, labor, and manufacturing overhead.
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