Iift 2011 Question 3
This is a detailed step-by-step solution for Iift 2011 Question 3. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2011
Explanation:
The effect of containerization is hard to see immediately in freight rates, since the oil price hikes of the 1970s kept them high, but the speed with which shippers adopted; containerization made it clear it brought big benefits of efficiency and cost. The extraordinary growth of the Asian tiger economies of Singapore, Taiwan, Korea and Hong Kong, which based their development strategy on exports, was greatly helped by the container trade that quickly built up between the US and east Asia. - From these lines, option C can be inferred. Hence, option C is the correct answer.