Which of the Following Products Would Have the Lowest Transporting

question 208

Multiple Choice

Which of the following products would have the lowest transporting costs as a percentage of the selling price?

• A) Electronic equipment.
• B) Chemicals and plastics.
• C) Pharmaceuticals.
• D) Sand and gravel.
• E) Manufactured food.

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Definitions:

Strategic Alliance

An alliance between two or more firms aiming to achieve common goals, with each maintaining their separate entity status.

Globalization Strategy

A strategy that adopts standardized products and advertising for use worldwide.

Efficiencies

The ratio of the output produced to the input resources used in the production process, aiming to minimize resources while maximizing output.

Local Markets

Marketplaces within a specific geographical area where goods and services are sold and bought, with particular focus on the needs and preferences of the local community.