Improvements in Transportation Included

question 20

Multiple Choice

Improvements in transportation included

• A)a significant decline in the expense of rail transportation.
• B)faster and more efficient ocean transportation.
• C)advancements in refrigeration.
• D)the building of the Suez Canal.
• E)All of these

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Definitions:

Carrying Costs

Costs related to maintaining inventory that encompass storage fees, insurance, taxes, and the potential losses from not using the funds elsewhere.

Ideal Level

Ideal level often refers to the optimal state or condition for operations, efficiency, or functionality in various contexts.

Letter Of Credit

A written statement by a bank that money will be paid, provided conditions specified in the letter are met.

Factored Inventory Loan

A type of financing where a company borrows money against the value of its inventory, which is often controlled or managed by the lender.