Q. A shipment of parts valued at $75,000 needs to be shipped from Tampa, FL, to Chicago, IL. They could be shipped by rail, taking 15 days at a cost of $1,575 or by truck, taking 4 days at a cost of $2,640. The Yearly holding cost rate for this type of item has been
estimated at 22%. Illustrate what option is more economical?
Q. Discuss the advantages to locating manufacturing, assembly or distribution facilities in countries with relatively low wages?