ENTREPRENEURSHIP

Detailed explanation-1: -Physical distribution involves the handling and moving of raw materials and finished products from producer to consumer often via an intermediary. It is sometimes used synonymously with logistics (the branch of military science concerned with procuring, maintaining and transporting equipment and facilities etc.).

Detailed explanation-2: -Logistics and supply chain management are terms that are often used interchangeably, but they actually refer to two aspects of the process. Logistics refers to what happens within one company, including the purchase and delivery of raw materials, packaging, shipment, and transportation of goods to distributors.

Detailed explanation-3: -Logistics, the synonymous term of physical distribution, involves planning, implementing, and controlling the physical flow of materials from the point of origin to the point of the consumer at a profit. The role of logistics is to get the right amount of product to the right places in the right time.