Identify and Briefly Describe the Three Types of Flows in Supply

question 13

Essay

Identify and briefly describe the three types of flows in supply chains.

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Definitions:

Buyers

Individuals or entities that purchase goods or services for personal use, for resale, or for use in manufacturing or provision of services.

Basing-Point Pricing

Basing-point pricing is a pricing system where the price of goods includes delivery from a specific location, regardless of the actual shipping point to the buyer.

Geographical Locations

Refers to specific places or positions on Earth's surface, identified by coordinates like latitude and longitude.

Freight Expenses

Freight Expenses are costs incurred by a business for transporting goods from one place to another via sea, air, or land.