Total logistics cost refers to

Multiple Choice

$0$:$20$:$04$

expenses associated with activities performed by brokers and agents to bring buyers and sellers together.

expenses associated with product adaptations that are made by the manufacturer in response to the needs of a channel member closest to the consumer.

expenses associated with transportation, materials handling and warehousing, inventory, stockouts, order processing, and return products handling.

expenditures associated with the clerical or bookkeeping side of the procurement process, which include purchase, design, and maintenance of the EDI system.

the design, installation, and maintenance of in$-$store displays, cabinets, and freestanding promotional materials for retail outlets.