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1 year ago

How can firms avoid incurring high transport costs when exporting bulk products?

Business

1 answer:

Sunny_sXe [5.5K]1 year ago

7 0

Firms can avoid incurring high transport costs when exporting bulk products by manufacturing bulk products regionally.

Transportation costs are all the charges related to the transportation of uncooked substances, finished merchandise, and personnel. it is the cash at the back of ensuring all moving components get in what they want to be so your customers get their products or services on time.

Now, you need to determine all your transportation level costs. look at how lots you paid for drivers, gasoline, special licenses, purchasing/leasing motors, outsourced paintings, and every other system related to transportation. upload this kind of collectively to get the total fee of transportation.

Techniques of lowering logistic prices can range from optimizing stock degrees to recharting higher transport networks, to growing higher procedures, enhancing dealer/1/3 celebration relationships, and so on.

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Kim Ping and Abdel will have trouble when it comes to equality in a joint venture. There is always one partner who earns more than the other.

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3 years ago

Economic growth is _____.

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2 years ago

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3 years ago

Suppose you are the manager of a local water company, and you are instructed to get consumers to reduce their water consumption

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The price of the water needs to be raised by 40% when the consumption of water reduces by 10% and the price elasticity of demand results to 25%.

<h3>What is meant by the price of elasticity of demand?</h3>

The price elasticity of demand is determined as the proportionate variation in quantity with respect to variation in the price of a good.

Given values:

Change in water consumption (fall): 10%

Price elasticity of demand: 25%

Computation of percentage change in the price of water:

$\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{\rm\ Change \rm\ in \rm\ water \rm\ consumption}{\rm\ Price \rm\ elasticity \rm\ of \rm\ demand} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=\frac{10\%}{25\%} \\\rm\ Change \rm\ in \rm\ price \rm\ of \rm\ water=40\%$

Therefore, there is an increase in water price by 40%.

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1 year ago