Due to containerization,the transportation costs associated with the globalization of production have:
A) remained the same
B) increased dramatically
C) declined
D) increased slightly
E) reduced insurance costs

Question

Quizplus · Accepted Answer

Due to containerization, transportation costs have declined as it has streamlined the transportation process and made it more efficient. Containers easily transfer from one mode of transport to another without the need for unloading and reloading of cargo which has reduced handling costs and time. Additionally, it has also increased the speed of delivery and reduced the chance of damage or loss of cargo, resulting in lower insurance costs. Therefore, the best choice is C) declined.

Due to Containerization,the Transportation Costs Associated with the Globalization of Production