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Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.


1. Cost of Transport
2. Speed of Transport
3. Flexibility
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What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

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