Which Mode of Transportation Is Perhaps the Most Limited in Terms

question 108

Multiple Choice

Which mode of transportation is perhaps the most limited in terms of the types of products that can be shipped by it?

• A)pipeline
• B)rail transportation
• C)motor transportation via trucks
• D)air transportation
• E)water transportation

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Definitions:

Price Skimming

Setting the price of a new product higher than expected to recover development costs.

Penetration Pricing

Setting the price of a new product lower than expected to gain fast market share.

Development Costs

Development costs are expenses associated with the creation and design of new products or services, including research and development.

Breakeven Point

The level of production or sales at which total costs equal total revenue, meaning no net loss or gain is incurred.