Setting Up a Hub-And-Spoke Distribution Towards Inventory and Retail Delivery

question 1

Multiple Choice

Setting up a hub-and-spoke distribution towards inventory and retail delivery is an example of

• A)increased consumer transactions cost.
• B)increased producer transactions cost.
• C)reduced consumer transactions cost.
• D)reduced producer transactions cost.

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Definitions:

Ocean-continent Convergent

A type of tectonic plate boundary where oceanic and continental plates converge, typically resulting in subduction of the oceanic plate and formation of mountain ranges and volcanic activity on the continental plate.

Transform Boundary

A type of fault where tectonic plates slide past one another horizontally, leading to earthquakes but not substantial vertical movement.

Mid-ocean Ridge

An underwater mountain range, formed by plate tectonics, that encircles the globe, marked by volcanic activity and seafloor spreading.

Island Arc

A curved chain of volcanic islands located at a tectonic plate margin, formed by the subduction of an oceanic plate.