Which form of transportation has led to more efficient business in a global market?

Which form of transportation has led to more efficient business in a global market?

a. helicopters

b. cargo ships

c. high-speed trains

d. tractor trailers

Answer: b. cargo ships

Cargos have been fortunate to be able to contribute greatly toward achieving efficient business within the existing global trading market. Through serving as the major means of carrying goods from one country to another, cargo ships facilitate the exchange of goods and services, exportation of numerous products, shipment of raw materials, and transportation of various products across the seas and oceans of the world. The former, because of their great carrying capacity and considerably lower costs than other forms of shipping, are essential to all firms that need to move goods across the world. Other changes in shipping such as introduction of containerization, logistics and advanced technology of ships have greatly acted as additional factors that have increased the efficiency of cargo ships and enabled firms to transport their products globally. Therefore, cargo ships have greatly contributed to the expansion of export and import interest of organizations, understand the economies of scale and work effectively in the global economy markets.