If a shipping company needed to move expensive (high value) goods that are small in size...

If a shipping company needed to move expensive (high value) goods that are small in size from Boston to Seattle, which shipping method would they likely use:

Expert Solution

The criteria for shipping small volume high value item should be as per following :

It should be prevented from transit damage
It should be prevented from theft and pilferage
Should have fastest transit time since delayed shipment only costs high inventory holding cost

Shipping by maritime route will not be possible because of :

Long transit time
Material will be subject to damage due to perils of sea
It will be costly to book the item in a container in the form of a Less- Than- Container – Load ( LCL)

While trucking will reduce transit time over maritime shipping option, the fear of damage and pilferage still remains

The best option therefore would be to use Courier service using air shipment which will ensure prompt delivery of cargo with no transit delay. The chances of damage to goods also will be minimal. Proper insurance can be obtained by declaring value of goods which will protect the goods completely from theft and pilferage.

keosha answered 9 months ago

When half of the consumers in a small town move away, the markets for different goods...

When half of the consumers in a small town move away, the markets for different goods and services will generally experience a: Lower equilibrium price and lower equilibrium quantity. Lower equilibrium price and higher equilibrium quantity. Higher equilibrium price and lower equilibrium quantity. Higher equilibrium price and higher equilibrium quantity.

3. (i) Explain the four types of utility (value) added by marketing to move goods from...

3. (i) Explain the four types of utility (value) added by marketing to move goods from producers to consumers. (ii)Discuss the logical progression from the first to the last step of the marketing process. (iii) Explain the concept of target or bull's eye marketing especially for small business.

You are a consultant to a small size Company engaged in Medical Products. The company is...

You are a consultant to a small size Company engaged in Medical Products. The company is interested to expand its business to the Middle East - Dubai. Prepare a business report focusing on the business potential. Also, give advice on the entry mode and external risks if the decision is made to do business in the Middle East.

Single molecule devices are attractive to certain applications where small size and high capacity are both...

Single molecule devices are attractive to certain applications where small size and high capacity are both desirable. In terms of electrical conductivity capacity, most people would thick metal is the best and carbon based materials would be bad; is it true (or) not? Provide an example to proof your argument.

Madge is a sole trader who has decided to form a small proprietary company and move...

Madge is a sole trader who has decided to form a small proprietary company and move her business into a corporate form. Madge’s business is quite small, with some assets and modest revenue. She has paid tax personally in the past. Madge is now curious as to whether there are any requirements on the small company she is about to register. What are the procedures and reporting requirements on a small proprietary company regarding records, accounts and reports required by...

The Boston Bulb Company produces high-cost bulbs for expensive projection equipment. Johnson, the CEO, claims that...

The Boston Bulb Company produces high-cost bulbs for expensive projection equipment. Johnson, the CEO, claims that a particular bulb type has an average life of at least 600 hours. Fourteen of these bulbs were randomly selected and tested. The number of hours each bulb lasted was: 614,598,585,572,599,605,604,590,609,606,595,592,601,592 At the significance level, test Johnson's claim about the life of the bulbs.

A food manufacturing company needs a data mart to summarize facts about orders to move goods....

A food manufacturing company needs a data mart to summarize facts about orders to move goods. Some orders transfer goods internally, some are purchases from vendors, and some are returns of goods from customers. The company needs to treat customers, vendors, plants, and storage locations as distinct dimensions that can be involved at both ends of a movement event. For each type of destination or origin, the company wants to know the type of location (i.e. customer, vendor, etc.) name,...

if your company sells expensive, high quality kitchen appliances, do you think the average college student...

if your company sells expensive, high quality kitchen appliances, do you think the average college student will fit ideal customer profile?

The value (or book-to-market) effect and size (or small cap) effect are frequently called market anomalies....

The value (or book-to-market) effect and size (or small cap) effect are frequently called market anomalies. Explain why.

A high tech company operates a satellite which can measure the size of features on the...

A high tech company operates a satellite which can measure the size of features on the surface of the earth. They use this technology to measure a particular rectangular field and find it's length to be 615 ± 1.78 (in meters) and it's width to be 170 ± 1.27 (in meters). They plan to report the area of the field as A±ΔA in units of acres. (1 acre = 4840 square yards & 1 meter = 1.094 yards) What is...

Question