Ask Question
5 September, 21:20

Price is a concept relating to how post-deregulation transportation firms determine and impose charges for their services. which is a distinguishing feature of this concept of price?

a. the amount found in a tariff book as payment to a carrier for performing a transport service

b. a lawful charge imposed by a carrier on a commodity movement

c. a value or level that is determined based on prevailing market forces

d. a charge determined primarily by considering a carrier's costs only

+4
Answers (1)
  1. 5 September, 21:48
    0
    The correct answer is option c.

    Explanation:

    The price of a product is the value of the product that is determined in the market through the working of the market forces. After deregulation, the price of any product or service such as transportation is determined in the market.

    It is determined by the interaction of the demand for transportation and the supply of transportation.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Price is a concept relating to how post-deregulation transportation firms determine and impose charges for their services. which is a ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers