Question: Q1: Explain the difference between micro and macro perspective, as it relates to transportation in supply chain. Q2: Explain the concept of derived demand for

Q1: Explain the difference between micro and

Q1: Explain the difference between micro and macro perspective, as it relates to transportation in supply chain. Q2: Explain the concept of derived demand for transportation with an example. Clearly state the importance of the concept and its relevance. Q3: Explain the difference between elastic and inelastic demand. Provide an example to illustrate the difference. Q4: Explain the concept of total landed cost as it relates to transportation. How does it influence market boundaries? Q5: What is TRACS? How does each of these parameters impact the cost of a company

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