Cheaper Modes of Transport Typically Have

question 78

Multiple Choice

Cheaper modes of transport typically have

• A)shorter lead times and smaller minimum shipment quantities.
• B)shorter lead times and larger minimum shipment quantities.
• C)longer lead times and smaller minimum shipment quantities.
• D)longer lead times and larger minimum shipment quantities.

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Definitions:

FOB Destination

A shipping term that indicates the seller is responsible for the goods and shipping costs until the merchandise reaches the buyer's location.

Trade Discounts

Price reductions granted by sellers to buyers in the commercial chain, often based on volume purchased or during promotional periods.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity.

Raw Materials

Materials in their natural, unprocessed state used as inputs in production processes.