Question

In: Economics

Mode of Transport 1.1. Define the mode (s) of transport to be used for initial market,...

  1. Mode of Transport
    1.1. Define the mode (s) of transport to be used for initial market, growth stage, mature and decline stages as appropriate. Ensure that include all stages of the transportation:
    1. Pick-up at source location and move to domestic line haul terminal.
    2. International movement to foreign point of entry – land, air or sea.
    3. 1.1.3. Pick-up from foreign point of entry to final destination.
    4. Detailed explanation of why these modes were selected along with any special considerations that might be required.
  2. Company Name- ECB Verdyol
  3. Destination Australia Queensland

Solutions

Expert Solution

1.1) International trade need  to  expand your business , there is delivery to do. Getting the  products across fastly  and easily is important for customer satisfaction. A nd also  get them across without any expense is essential for financial results. thus choosing correct  mode of transportation is important  element to an efficient international arrangement.Road transport is very flexible than other 3 modes. It is easier to track the  goods, secure consignments, schedule the transport and pay the fees required .If threre is high traffic  long distances are not time-efficient . Some countries will charge high toll fee charges and chance  of getting your goods damaged is high as well. air transport for international trade is the easiest way to ensure product delivery and distribution. It is the safest methods of transport, export or import a variety of goods through this mode of transporattion.. Importers and exporters should also consider the overall cost of transportation, keeping the “hidden costs” icurred example  insurance premiums and finance charges in mind.

for transport bulky products to  a long distance , then rail transport is a better option and it is most economical.another mode of transport is  Land transport, usually by trucks, is best apt  for small amount of goods to transported over short distances. It also saves packing and handling costs. Water transport is considered as  the most  cheapest mode of transport, as well as very suitable for heavy or bulky goods that need to be transported over long distances . For the smooth transportation light or valuable goods, air transport is the efficient mode of transport can be to use. the transport  is expensive.   Importers and exporters must consider the overall cost of transportation and also by  keeping the “hidden costs” such as insurance premiums and finance charges in mind.

1.13) There are mainly three types of transportation in Australia as it is major part of single continent . maritime ,aviation rail and road are possible ways of transport. Every transport has its own advantages and drawbacks. Most applicable and beneficila mode of transport is find by considering distance, cost of fuel, time need for transport,topography . While considering Australia it is maritime shuipping transport is the most beneficial due to less time consumption. Tghe main advantage of water transport is the low cost of transport.Direct impacts reflect the economic contribution of the maritime industry itself.The water transport is flexible serive and have larger capacity. It ca carry lager quantities of products than road an rail in single shuipment. It is most safer tha all other modes. The risk of trasport is less such as breakdown and accidents. Ocean transport is also cheapest mode as it doesnt requires anu investment in construction of track and its maintainence. Comparictively less tractive power is required for operation. The risk of damage can be reduced through this. y . If the company have considering shortest distance road is also beneficial. Rail also can be used at it have advance network rails can be utilised for transfort.


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