Asked by Dustin Hansen on Jun 18, 2024
Verified
Using EDLP is the best way to reduce costs attributed to shipping.
Shipping Costs
The expenses involved in transporting goods from one location to another, including freight charges, packaging, and handling fees.
- Understand the impact of price differentiation and bulk purchase discounts on optimizing profits and coordinating the supply chain.
Verified Answer
CD
Chanese DelancyJun 23, 2024
Final Answer :
False
Explanation :
EDLP (Everyday Low Price) focuses on keeping prices consistently low, which may not always be the best way to reduce shipping costs. Other strategies such as optimizing packaging, using consolidated shipping, and negotiating with shipping carriers may be more effective in reducing shipping costs.
Learning Objectives
- Understand the impact of price differentiation and bulk purchase discounts on optimizing profits and coordinating the supply chain.