There Are Several Types of Truck Terminals

question 32

Multiple Choice

There are several types of truck terminals. Which one is not used by LTL carriers?

• A) fuel terminals
• B) PUD terminals
• C) Break bulk terminals
• D) Relay terminals

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Definitions:

Labor-intensive

Refers to a type of industry or process that requires a large amount of human labor to produce goods or services, as opposed to being heavily automated.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than its competitors.

Specialization

The process of focusing on and becoming expert in a particular subject or skill, often resulting in increased efficiency and productivity in economic contexts.

Exchange

The act of giving one thing and receiving another (especially of the same type or value) in return.