For Medium Distances,quicker Delivery Times Are Provided by ______

question 93

Multiple Choice

For medium distances,quicker delivery times are provided by ______.

• A)air transport
• B)sea transport
• C)truck transport
• D)pipeline

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Definitions:

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices to different buyers, often based on their willingness to pay, market segment, or geographical location.

Service Industries

Industries that provide services rather than producing goods, such as healthcare, banking, and education.

Resell Products

The act of selling again or selling something that one has bought, to another consumer or market.

Inelastic Demand

A situation where the demand for a product does not change significantly with a change in its price.