[Unlocked] Important Economic Impact

[Unlocked] 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?