Such Products as Mineral Ore and Cement That Are Heavy

question 11

Multiple Choice

Such products as mineral ore and cement that are heavy or bulky relative to their economic values

• A)may be suitable for exporting because high transportation costs will be overcome by high profit margins in oligopolistic industries.
• B)have high "value-to-weight ratios" that protect profit margins.
• C)may not be suitable for exporting because high transportation costs will substantially reduce profit margins.
• D)none of the above

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Definitions:

Expected Revenue

The amount of money a business anticipates receiving over a certain period, based on sales forecasts and pricing strategies.

Capacity Reserved

The portion of production capability or service capacity deliberately kept back or saved for a specific purpose or customer.

Spoilage

The deterioration or loss of goods, especially in perishable inventory, due to factors like time, temperature, or mishandling.

Young Couples

Pairs of individuals in a romantic relationship who are typically in the early stage of their partnership, often focusing on life planning and setting foundations for their future.