What Advantage Does the Transit Privilege Give to Shippers Located

question 16

Multiple Choice

What advantage does the transit privilege give to shippers located at intermediate locations?

• A) a lower,long-distance through rate charged for the shipment
• B) Freight All Kinds (FAK)rates charged for the shipment
• C) not having to pay terminal charges for each intermediate stop
• D) the right to change consignees

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Definitions:

Transform Resources

The process of converting resources (labor, materials, capital) into goods and services more valued by society.

Market Economy

A market economy is a system where the supply and demand for goods and services determine prices and production levels, operating with minimal government intervention.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Organizes And Manages

refers to the process of structuring, coordinating, and overseeing resources and activities to achieve specific objectives efficiently and effectively.