Answer the following questions thoroughly and in your own words (no plagiarism). Make sure you communicate your answers in a business-like fashion, avoiding spelling and grammar errors.
- Compare and contrast variable, fixed, and joint costs.
- What advantage does net pricing provide for carriers and shippers?
- Describe the difference between a rate and a rating.
- What is a shipper’s responsibility when terms of purchase are F.O.B. origin? F.O.B. destination? Why would a shipper prefer one over the other?
- In your own words, describe what you thought to be the most important part of this chapter and give your reasons why.