Each Mode of Transportation Has Its Own Unique Characteristics, and Logistics

question 46

Multiple Choice

Each mode of transportation has its own unique characteristics, and logistics managers select the best options for their specific transportation needs. For this particular job, you decide that your products should be transported via a combination of the three major modes of transportation that control the largest share of the freight business. How will you be transporting your products? ​

• A) ​Rail carriers; motor carriers; water carriers
• B) ​Water carriers; motor carriers; pipelines
• C) ​Air carriers; rail carriers; motor carriers
• D) ​Motor carriers; pipelines; air carriers
• E) ​Rail carriers; motor carriers; pipelines

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Definitions:

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the quantity of output produced.

Market Price

The current price at which a good or service can be bought or sold in a given market.

Market Price

The current price at which a good or service can be bought or sold in a given market, determined by supply and demand forces.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, representing the cost per unit of output.