ICSE Class 10 Commerce 2019 Solved Papers

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Question : 15
Total: 31
Explain the term 'Logistics'.
Solution:  
Logistics : Logistics is the process of managing the movement and storage of same materials, parts and finished products from the supplier through the firm and on to customers. It includes all the activities that facilitate the flow of product from the source of raw materials to the point of final assumption.
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