Question: MARKETING: 1) How do logistics managers effectively manage the supply chain? Why do companies need to pay close attention to managing logistics? 2) Define price,

MARKETING:

1) How do logistics managers effectively manage the supply chain? Why do companies need to pay close attention to managing logistics?

2) Define price, identify the three major pricing strategies, and discuss the importance of understanding customer-value perceptions, company costs, and competitor strategies when setting prices.

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