The service characteristics of freight movement are considered by some shippers to be as important as or more important than freight rate.
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Description
LG 312 Chapter 2
- Compare and contrast time and place utility, and explain how they contribute to the value of products. What is the importance of time and place utility in our global economy? Place utility is the usefulness or value of a good or service as a function of the location at which it is made available. For example, a snow shovel have greater place utility in Boston that in El Paso. The more efficient the method of transportation the greater the potential market area and the great place utility, Time utility is the usefulness or value of a good or service as a function of it timeless in meeting seasonal demand. The demand for a particular commodity may exist only during certain periods of time. Effective transportation can create time utility by ensuring that product arrive...
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Published On:
10/05/2019
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10/05/2019
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