ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
CULTURAL DIFFERENCES AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning and managing the flow of goods, services, and people to a destination
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Specific laws that apply when doing business in the US and in foreign countries
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The US Department of Commerce can help Entrepreneurs get the proper documents for their specific types of foreign business.
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The rate at which one currency can be converted to another
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Detailed explanation-1: -Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption. The goal of logistics is to meet customer requirements in a timely, cost-effective manner.
Detailed explanation-2: -Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations.
Detailed explanation-3: -4. Logistics Planning. Logistics is the process that creates value by timing and positioning inventory; it is the combination of a firm’s order management, inventory, transportation, warehousing, materials handling, and packaging as integrated throughout a facility network.
Detailed explanation-4: -The flow of information in logistics supports the collaboration between a supplier and a recipient of goods, i.e. it connects individual links in the supply chain. Efficient information flow also plays an important role internally, contributing to the connecting of further spheres of organisation activities.
Detailed explanation-5: -Push flows. Pull flows. Just in time flows. Synchronized flows. 24-May-2022