"Comparing the Total Cost of Ocean Freight Versus Air Freight,air

question 13

Multiple Choice

"Comparing the total cost of ocean freight versus air freight,air freight may be cheaper." Which of the following components are not considered when making the previous statement?

• A) Insurance rates
• B) Packing
• C) Replacement cost of damaged goods
• D) Inventory cost
• E) Product age

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Definitions:

Sustained Competitive Advantage

The ability of a firm to maintain a unique value proposition in the market that cannot be easily replicated by competitors, thus ensuring long-term success.

Strategy

The formulation of organizational objectives, scopes, and action plans for gaining advantage.

Objectives

Goals or outcomes that an organization or individual aims to achieve within a specified timeframe.

Strategic Planning

The process of defining an organization's strategy or direction, and making decisions on allocating its resources to pursue this strategy.