3.2.1 - The place, time, quality and utility of goods
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Practice Questions
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Define 'utility' in the context of goods.
💡 Hint: Think about what you gain from a product.
What happens to the price of goods if the distance from the production place increases?
💡 Hint: Consider why you pay more for items that are shipped from far away.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What does an efficient transportation system do to the price of goods?
💡 Hint: What happens to your shipping costs when a delivery service is faster?
True or False: The quality of goods can worsen due to inefficient transportation.
💡 Hint: How would a long journey affect a delivery of fresh produce?
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Challenge Problems
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Design a logistics plan for a new apple farm that aims to sell its products in urban areas 100, 200, and 300 miles away. Discuss the transportation models that would ensure lowest costs and highest quality retention during delivery.
💡 Hint: Think about how the seasons affect transport choices.
Evaluate how localization of production can affect transportation costs and economic sustainability. Consider regions that have implemented localized production systems versus those dependent on distant imports.
💡 Hint: Reflect on the impact of local farms versus imported products on the economy.
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