According to the Article "A Sea Change in Shipping 50

question 65

Multiple Choice

According to the article "A Sea Change in Shipping 50 Years Ago," what impact did container shipping have on global trade?

• A) It increased the time taken to ship commodities.
• B) It decreased the volume of trade.
• C) It reduced the time that ships delivering goods spent at the port.
• D) It increased tariffs between countries.

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Definitions:

Time of Sale

The exact moment a transaction is completed and finalized, often referring to the point when a customer makes a payment to a merchant in exchange for goods or services.

Cash

Money in the form of coins or banknotes, especially that used to pay for goods or services.

Track Sales

The process of monitoring and recording sales transactions to analyze performance and trends over time.

Goods or Services

Products or activities offered by a business to satisfy customer needs or wants.