A Carrier Takes Three Weeks to Deliver a Product Which

question 112

Multiple Choice

A carrier takes three weeks to deliver a product which has average sales of 1,000 units per week. The unit cost is $20 each and the carrying cost is 15%. What is the savings in the transportation inventory cost if management decides to change the mode of transportation to decrease time to one week?

• A) $2,000
• B) $3,000
• C) $6,000
• D) $9,000

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Definitions:

Survey Method

A research technique that involves the collection of data from a pre-defined group of respondents by means of a questionnaire or interview to gather information and insights on various topics.

Valuable Data

Information that is highly useful or beneficial, particularly in making decisions or formulating strategies in business or research.

Attitudes

Individuals' settled ways of thinking or feeling about something, which often influence their behavior.

Depth Interview

A research method focusing on gathering detailed information through in-depth interviews with a few participants to understand their views on a specific concept, initiative, or circumstance.