In China,logistics Costs Are ____ Times Higher Than in Many

question 108

Multiple Choice

In China,logistics costs are ____ times higher than in many developed countries.

• A)2
• B)4
• C)10
• D)None of the above

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Definitions:

Fine

A sum of money required to be paid as a penalty for breaking the law or rules.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale.

Variable Costs

Expenses that vary directly with the level of production or output, such as raw materials and labor costs.

Output

The total amount of goods or services produced by a company or an economy.