Geography · Economic Geography
In transport geography, consider the following definitions regarding cost structures: I. Running cost includes real transport costs in terms of fuel and labor expenses. II. Terminal cost includes costs incurred on basic infrastructure, loading-unloading, and office administration. III. Transfer cost refers to fees charged for switching between modes or handling agencies. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1I, II and III
- 2II and III
- 3I and III
- 4I and II✓
Correct answer
I and II
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