Although Air Freight Rates Are Usually Higher Than Ocean Freight

question 24

Essay

Although air freight rates are usually higher than ocean freight rates, air freight may be less costly for a firm. Explain why this statement is correct or incorrect.

---

Definitions:

Payment Date

The specific date on which a payment is due or processed.

Cost

The amount of money required to purchase something or to produce a good or service.

Invoice

A document issued by a seller to a buyer that lists goods or services provided and the amount due.

Terms

Conditions and stipulations that are part of an agreement or contract.