The Seasonality of Temperature for Dfa and Dfb Climates Can

question 29

Multiple Choice

The seasonality of temperature for Dfa and Dfb climates can best be explained by

• A)proximity to water bodies and increasing variation in solar insolation.
• B)proximity to water bodies and decreasing variation in solar insolation.
• C)being away from water bodies and increasing variation in solar insolation.
• D)being away from water bodies and decreasing variation in solar insolation.

Understand how transportation cost, in-transit inventory cost, and processing costs affect the total cost of transportation.

Identify strategies for designing flexibility into the transportation network.

Discuss the relationship between transportation strategy and competitive strategy.

Comprehend the implications of temporal aggregation on transportation and supply chain management.

---

Definitions:

Inelastic

Characterizing a situation where a change in price leads to a relatively small change in the quantity demanded or supplied.

Share of Income

The portion of total income (either personal or national) that is received by an individual, household, or socioeconomic group.

Elastic

A demand curve on which percentage quantity changes more than percentage price is said to be elastic, or sensitive to price. If |e| > 1, demand is elastic, where e is the price elasticity of demand. If |e| = 0, demand is perfectly inelastic while if |e| is infinite, demand is perfectly elastic. If |e| 5 1, demand is unit elastic.

Normal Good

A good for which demand increases when consumer income rises, and falls when consumer income decreases, all else being equal.