Subject Transportation Discuss how accounting economic and s

Subject: Transportation. *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.

Solution

transportaion costs comes under indirect costs in the manufacturing process of a product. they will be recorded as they occured. the costs for import or export of goods from supplier to factory or from factory to the buyers and so on. here social costs and economic costs will be imaginary costs only. there is no particular aspect of social cost and economic cost. they are like opportunity costs, which will be assumes.

transportation of goods and services is one of the important to task and for that they will spend higher amounts on it. but usually firms will try to minimize the costs on this area. because as i said it as an indirect cost, it wont be show any impact on product quality.

when it comes to risk factors, usually all the materials and products will be insured and all the safety measures will be taken.