Question

which of the four market models applies to logistics work? How can you improve your understanding of your work through understanding the market in which it operates?

Answer 1

The four market models that applies to logistic work are:

• Planning
• Delivering
• Controlling
• Flow of physical goods,marketing materials and informartion to the consumers.

There are four types of market these are:

• Perfect competetion in which there are many competetiors.
• Monopolistic Competetion in which there is variation in the products.of the competetiors.
• Oligopoly in which there are only few competetiors.
• Pure monopoly in which there is only one company in whole market.

We should keep in mind which type of product we had and the target market .