Which of the Following Is FALSE with Regard to Transport

question 46

Multiple Choice

Which of the following is FALSE with regard to transport by rail?

• A)Railroads generate the most revenue in terms of ton-miles shipped.
• B)The railroad industry has few freight carriers.
• C)Customers relying on transporting freight by rail have many choices.
• D)Customers face pricing inflexibility.

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Definitions:

Noncompetitive

Refers to a situation or environment where there is little to no competition between businesses or individuals.

Exclusive Territory

A business agreement in which a franchisor grants a franchisee the sole right to sell or distribute products or services in a specified geographic area.

Cash and Carry

A type of trade where goods are paid for in full at the time of purchase and taken away by the buyer immediately.

Wholesalers

Businesses that sell goods in large quantities to retailers, other merchants, or industrial, commercial, and institutional users.