Which of the following describes a disadvantage associated with water transportation?
A. cannot be used for international trade
B. high cost
C. capability
D. lack of speed
E. product weight restrictions
Answer: D
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In a just-in-time environment, costs associated with product movement and storage typically decrease, whereas costs of inspection and queue time typically increase
Indicate whether the statement is true or false
In 2010, the ten largest U.S. retailers earned average after-tax profits amounting to about _____ percent of sales
a. 1.1 b. 2.5 c. 3.5 d. 5.7
A manager who helps direct the activities of a whole channel and tries to avoid or solve channel conflicts is a channel
A. captain. B. coordinator. C. ombudsman. D. troubleshooter. E. director.
Seigniorage is
A) when a country abandons its currency altogether and adopts that of another country. B) when a country loses the revenue that it received by issuing money. C) when the par exchange rate is reset at a lower level. D) when the domestic currency is backed 100% by a foreign currency.