Logistics Is That Part of Supply Chain Management That Plans

question 46

True/False

Logistics is that part of supply chain management that plans, implements, and controls the flow of goods, services, and information between the point of origin and the final customer.

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Definitions:

Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Permanent Accounts

Accounts on the balance sheet that carry over their ending balances into the next financial period, such as assets, liabilities, and equity accounts.

Assets and Liabilities

Essential components of a financial statement, with assets representing what a company owns and liabilities what it owes.