The cost of transporting goods to consumers called

Assessment: JAMB UTME - Commerce - 1997 Subject: Commerce

Question 1 Report

The cost of transporting goods to consumers called
Answer Details
The cost of transporting goods to consumers is called "carriage outward". "Carriage outward" refers to the cost of transporting goods from the seller or manufacturer to the buyer or consumer. This cost is usually borne by the seller, as it is their responsibility to ensure that the goods are delivered to the buyer in a timely and cost-effective manner. The cost of carriage outward may include various expenses such as shipping fees, freight charges, insurance, and handling charges. These costs are typically included in the price of the goods and are passed on to the buyer as part of the overall cost of the transaction. Overall, the cost of carriage outward is an important consideration for both sellers and buyers, as it can have a significant impact on the final price of the goods and the overall profitability of the transaction.

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