The Advent of Containerization Has

question 46

Multiple Choice

The advent of containerization has

• A)made the economies of the world's nation-states less intertwined.
• B)made moving goods from one mode of transport to another extremely labor-intensive.
• C)significantly lowered the costs of shipping goods over long distances.
• D)slowed down the globalization of markets and production.
• E)increased costs of coordinating and controlling a global organization.

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Definitions:

Category Killer

A large retail store specializing in a specific product category, so dominant that it drives out or "kills" smaller competitors.

Scrambled Merchandising

Retail strategy where a store sells a wide variety of goods that are unrelated, aiming to increase foot traffic and maximize sales.

Hypermarkets

Large retail stores that combine a supermarket and a department store, offering a wide range of products at low prices.

One-Stop Shopping

A retail convenience concept where customers can meet all their buying needs in a single location, saving time and effort.