A Company Would Hire a Freight Forwarder If It Wanted

question 39

True/False

A company would hire a freight forwarder if it wanted to minimize shipping costs and combine many smaller shipments into one large shipment.

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Definitions:

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often driven by international trade and investment and aided by information technology.

Technological Factors

These are elements that relate to the innovation, inventions, and technological capabilities that impact an organization, industry, or economy.

Interest Payments

Monetary amounts paid at regular intervals by the borrower to a lender as compensation for the use of borrowed money, often a percentage of the outstanding loan.

Poor Countries

Nations characterized by low levels of income, inadequate infrastructure, limited access to healthcare and education, and often suffering from political instability.