Answer:
Opportunity costs represent the potential benefits an individual, investor, or business misses out on when choosing one alternative over another. Understanding the potential missed opportunities foregone by choosing one investment over another allows for better decision-making.
Explanation:
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Answer:
change occurs by diffusion
Explanation:
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Holding goods in a facility or facilities for later distribution is a logistics function known as storage.
<h3>What is the function of logistics?</h3>
Supply chain management includes logistics. The efficient storage of commodities and their movement from the point of origin to the final destination must be planned, put into action, and monitored (the point of consumption). In other words, logistics controls both the forward and reverse movement of goods.
The process of organizing and carrying out the effective storage and movement of commodities from the point of origin to the point of consumption is known as logistics. Providing timely and cost-effective client service is the aim of logistics.
Storage in logistics is the act of keeping items in a facility or facilities for eventual distribution.
A worker in reverse logistics who is in charge of handling products that customers return to manufacturers due to flaws or to be recycled.
To learn more about the function of logistics refer to:
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