Value of Service Pricing Is Based on the Concept Which

question 40

Multiple Choice

Value of service pricing is based on the concept which states:

• A) shippers should pay rates high enough to insure a high profit for the carrier.
• B) carriers should price their product based on the level of service the carrier offers
• C) rates should be related to value of the commodity, the higher to cost of the commodity the higher the rate should be
• D) shippers should offer a price that they feel is fair in relation to the service offered.

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Definitions:

Hours Worked

The total amount of time an individual spends performing tasks or activities related to employment within a given period.

Statistics Students

Individuals engaged in the study and analysis of data collection, interpretation, and presentation methods.

Frequency Distribution

A summary of how often each value in a set of data occurs, often displayed in a table or graphically as a histogram.

Relative Frequency

The proportion of times a value occurs in a data set to the total number of data points.