Please Define the Following Key Terms

question 85

Short Answer

Please define the following key terms.
-Kongo Kingdom

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Definitions:

Inventory Carrying Costs

The total costs associated with holding and storing unsold goods or materials, including expenses such as warehousing, insurance, and spoilage.

Administrative Costs

Expenses related to the general operation of a business, such as salaries of executive officers, legal and regulatory compliance costs, and office supplies.

Marine Transport

The movement of goods or people using sea routes, involving vessels like ships and boats, integral to global trade and commerce.

Truckload (TL) Shipments

Transportation of goods where the entire truck is booked for a single shipment.