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In International Logistics,the Objective of the Total Cost Concept Is

question 54

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In international logistics,the objective of the total cost concept is to minimize total cost rather than maximize after-tax profits.


Definitions:

Formal Schooling

Structured educational experiences that take place in designated institutions, such as schools or colleges, following a curriculum.

Peer Group

A social group of people with similar interests, age, background, or social status, which influences an individual's attitudes and behaviors.

Bio-Social-Behavioral Shift

The bio-social-behavioral shift refers to the complex interplay of biological, social, and behavioral factors that contribute to changes in an individual over time, particularly during critical development phases.

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