________ Costs for a Manufacturer Consist of Setup Costs and Running

question 123

Multiple Choice

________ costs for a manufacturer consist of setup costs and running costs.

• A) Inventory-carrying
• B) Containerization
• C) Wholesaling
• D) Order-processing
• E) Transportation

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Definitions:

Trading Partner

A country, group of countries, or an entity with which another conducts trade and business transactions.

Workforce

The total number of people employed or seeking employment in a country or specific sector.

Service Sector

The segment of the economy that provides intangible goods and services, such as healthcare, education, and financial services.

Trading Nation

A country whose economy is highly engaged in international trade, evidenced by a high ratio of exports and imports to its gross domestic product.