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As previously mentioned, carriers have n...View Answer
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Value of service pricing is the pricing ...View Answer
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A) by comparing fixed costs with variable costs
B) by determining all the areas which the carrier can serve effectively
C) by generally describing all possible origin and destination points for each commodity
D) by identifying the relevant market area for one commodity moving between two points
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A) separable unique cost.
B) common cost.
C) fixed universal cost.
D) variable general cost.
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The procedure for determining a class ra...View Answer
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A) While rarely prosecuted, it is illegal and a misdemeanor versus a felony as defined by the Surface Transportation Board Act
B) charging different prices to different buyers who use the same commodity or service
C) permissible only when the buyer has requested rebates
D) the least serious type of discrimination as versus first degree
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A) joint rate
B) local rate
C) group rate
D) incentive rate
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First, a decision must be made when sett...View Answer
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A) minimal, as the conditions for each are quite similar.
B) under pure competition there are many sellers and the product is homogeneous
C) while there are many sellers, there is some differentiation in the product
D) not as great as there are with an oligopoly
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A) charging a rate which includes a high profit
B) charging what the traffic will bear
C) charging a price which favors one mode over another
D) charging a rate that has shown that shippers will use it to move their traffic
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A) a price meant to skim off the most profit able traffic
B) a means to maximize profit until competitors enter the market
C) a price which allows a carrier to enter a new market.
D) One that allows the carrier to transport only that traffic of the shipper that the carrier feels to be profitable.
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A) Large number of sellers
B) Sellers are small enough that no one can overly influence the market
C) Involves a heterogeneous product or service
D) Unrestricted entry
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Pricing objectives for a carrier should ...View Answer
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A) reduce variable costs.
B) increase fixed costs.
C) increase customer satisfaction with services rendered.
D) prohibit the movement of freight or passengers.
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Social responsibility pricing forgoes sa...View Answer
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Carrier pricing decisions are grouped in...View Answer
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Stowability and handling refle...View Answer
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Another pricing system is based on milea...View Answer
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A) Freight all kinds rates
B) Aggregate tender rates
C) Loading allowances
D) Price indices
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A) sellers and buyers of such small size that price or supply cannot be influenced.
B) existing carriers prevented from responding to new entrants' lower prices.
C) mutual interdependence between various sellers.
D) no one seller controls a significant portion of the market.
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