Business Studies

Insurance, packaging & transportation costs are levied on products as they are _________.


ANSWER

goods to be physically moved


SOLUTION
  • The goods are physically moved in international business i.e the goods are imported or exported from a country to the destination.
  • Since the goods physically move from one country to another, exporting/importing involves additional packaging, transportation and insurance costs. Especially in the case of heavy items, transportation costs alone become an inhibiting factor to their exports and imports.
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