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Study with Quizlet and memorize flashcards containing terms like Define STEM, Who needs shipping as a service?, What is the driving force of shipping? and more.
Study with Quizlet and memorize flashcards containing terms like Name some of the milestones in shipping, What is the difference between Short sea and deep sea?, What are the three principles of cargo trading? and more.
Study with Quizlet and memorize flashcards containing terms like what two factors are necessary for demand, an actress sets off a craze for wearing camo, what is a market demand and more.
Physical distribution includes all the functions of movement and handling of goods, particularly transportation services, transshipment and warehousing services, trade, wholesale, and, in principle, retail.
3 lut 2023 · Containerisation is a system of freight transport for use in sea shipping that has reduced the transport costs of moving thousands of different goods across the globe. Containers have standardised dimensions. Containerisation has been a catalyst for globalisation.
17 cze 2024 · Key Takeaways. Free on Board (FOB) indicates when the ownership of goods transfers from buyer to seller and who is liable for goods damaged or destroyed during shipping. FOB Origin means the...
Define economics. Explain the concepts of scarcity and opportunity cost and how they relate to the definition of economics. Understand the three fundamental economic questions: What should be produced? How should goods and services be produced? For whom should goods and services be produced?
