Important Economic Impact
Answer all questions 1-4 below with 2-3 paragraphs each.
1-1. Did it surprise you that logistics has such an important economic impact? Why or why not?
1-2. Distinguish between possession, form, time, and place utility.
1-3. How does logistics contribute to time and place utility?
1-4. How can a particular logistics system be effective but not efficient?
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