________ typically move commodities over large distances at lower costs per unit shipped
A) Air
B) Truck
C) Rail
D) Package carriers
Answer: C
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Tyler realizes that the trucking company can purchase tires from other tire companies. With this in mind, Tyler should most likely:
A) promote Kaygo as the industry leader even if this is untrue B) ignore the features and benefits of the lowest-priced competitor C) point out quality problems with the firm's current tire provider D) highlight the drop in prices of Kaygo tires in the last five years E) focus on favorable differences between Kaygo tires and the next-best alternative
The retail method of estimating inventory uses a ratio computed by dividing retail value of the goods available for sale by the cost of goods available for sale
Indicate whether the statement is true or false
For a manufacturer, rent paid for an office building is an example of a period cost
Indicate whether the statement is true or false
Warby Parker was developed to challenge the dominant player in the market for eyewear. Founder Neil Blumenthal realized that a major firm, Luxottica, had an almost monopolistic hold on the eyewear and vision industry. They could therefore set high prices. He and his partners developed Warby Parker to develop less expensive glasses in-house at a fraction of the cost. Not only are Warby Parker's glasses much more affordable, but also the company donates money to a vision care nonprofit organization for every pair of glasses it sells. This allows people in developing countries access to eyewear who normally could not afford it. Warby Parker is an example of a company that has successfully engaged in disruptive innovation.
Answer the following statement true (T) or false (F)