Advantages of Road Transport
There are numerous advantages of road transport in comparison to other modes of transport. 1. Less capital quality:- Road transport required much less capital investment as compared to other modes of transport such as railways and air transport.
2. Door to door services: – The outstanding advantage of road transport is that it provides door to door or warehouse to warehouse services. 8. Saving in packing cost: – As compared to other modes of transport, the process of packing in motor transport is less complicated. Goods transported by motor transport require less packing or no packing in several cases.
Flexible services:- Road transport has a great advantage over other modes of transport for its flexible services. Its routes and timings can be adjusted and changed to individual requirements without much inconvenience. 5. Suitable for short distance:- Delays in transit of gods on account of intermediate loading and handling are avoided. Goods can be loaded direct into a road vehicle and transported straight to their place of destination. Price skimming is a business technique which involves charging a high price for a product when it is released initially, and gradually lowering the price over time.
The goal of this practice is to ensure that the price matches consumer willingness to pay, generating profits for the company both over time and in the short term. nder some market conditions, the use of price skimming is a strategy to grab higher profits with a new or differentiated product. By charging high prices initially, a company can build a high-quality image for its product. Charging initial high prices allows the firm the luxury of reducing them when the threat of competition arrives. By contrast, a lower initial price would be difficult to increase without risking the loss of sales volume.