UPS Logistics Earned More Than $1 Billion in Revenue in a Recent

question 138

Multiple Choice

UPS Logistics earned more than $1 billion in revenue in a recent year and is one of the fastest growing divisions of UPS.UPS Logistics designs and manages entire transportation and customer service networks for global clients that include Ford Motor Company and National Semiconductor.UPS Logistics:

• A)creates utility for these companies' customers.
• B)assumes the role of freight forwarder.
• C)increases the number of steps in the value proposition.
• D)assumes the role of drop shipper.

---

Definitions:

Elasticities Differ

The principle that different goods or services have varying sensitivities to changes in price or income.

Inelastic Demand

A situation in which the demand for a product does not change significantly when the price of the product changes.

Elastic Demand

A situation in which the demand for a product is sensitive to price changes, meaning a small price change can cause a large change in quantity demanded.

Airline Prices

The cost of air travel tickets, influenced by factors such as fuel prices, demand, seasonality, and market competition.