If the Price of a Hot Dog Is $2 and the Price

question 63

Multiple Choice

If the price of a hot dog is $2 and the price of a hamburger is $4, then the

• A) money price of a hamburger is 2 hot dogs per hamburger.
• B) money price of a hot dog is 2 hamburgers per hot dog.
• C) relative price of a hot dog is 1/2 of a hamburger per hot dog.
• D) relative price of a hamburger is 1/2 of a hot dog per hamburger.

Grasp the significance of transportation in supply chain design and cost management.

Appreciate how transportation across different modes contributes to time and place utility.

Understand the relationship between product value and transportation mode selection.

Recognize the role of third-party logistics (3PL) in transportation management.