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Mitigating Risk in Transportation Costs
Appendix 4A provides a detailed discussion of cost concepts in transportation, including accounting, economic and social costs. Review these costs, and in a three- to four-page paper in APA format, be sure to address the following:
Discuss how accounting, economic, and social costs can be used in transportation to mitigate risks associated with these costs.
Analyze how the company's focus can impact these costs and impact risks.
Provide at least one recommendation for each cost area that could mitigate the risks of those costs.
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One criticism of both product cost percentage and contribution margin methods used for determining menu prices is that both are based primarily on cost of food.
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Discussion and learning about the services industry
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