Which of the Following Is/are the Criteria for a Common

question 77

Multiple Choice

Which of the following is/are the criteria for a common carrier?

• A)The carriage must be part of its business.
• B)The carriage must be for remuneration.
• C)The carrier must represent to the general public that it is willing to serve the public in the transportation of property.
• D)All of the above.

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Definitions:

Selling Price

The actual amount charged to customers for a product or service, determined by considering production costs, market demand, competition, and profit margin.

Value-based Pricing

Pricing strategy based on the perceived value of a product or service to the customer rather than its cost of production.

Testing Instrument

A tool or device used to assess, evaluate, or measure the functionality, quality, or performance of a product or material.

Operating Cost

Operating cost encompasses the expenditures related to the day-to-day functions of a business, including costs for goods sold, administration, and general expenses.