Final answer:
Logistics and supply chain management provide the 'Place' in the marketing mix by ensuring products are available where consumers demand them. Personal pizza market equilibrium can be found using algebra to solve the quantity supplied and demanded. Improvements in technology and policies are vital for supply chain efficiency.
Step-by-step explanation:
Logistics/supply chain management is closely tied with marketing as it typically fills the Place aspect of the marketing mix, which is one of the four "P's": Product, Price, Promotion, and Place. In the context of supply chains, the Place P refers to making goods or services available in the right quantities and locations, as dictated by consumer demand.
Regarding the supply and demand of the personal pizza market, the given equations Qs = 2 + 5P (quantity supplied) and Qd = Qs (quantity demanded equals quantity supplied) create a system that can be solved using algebra. This system helps to determine the equilibrium price and quantity in the market where the supply and demand are balanced. Technology, transportation advancements, labor rights, and national policies all play crucial roles in ensuring efficient supply chain operations.