in your won word which gives better advantage for firm/business, use of private transport equipment or hiring transportation vehicles? defend your answer
Answer (1)
Answer:Hiring transportation vehicles is generally more advantageous for most businesses, especially those not directly involved in transportation. Here's why: - Flexibility: Hire vehicles as needed, scaling up or down based on demand.- Cost Efficiency: Avoid upfront investment, maintenance costs, and underutilization.- Focus on Core Business: Let transportation experts handle logistics, freeing your team to focus on your core competencies. However, owning a private fleet may be better for businesses with: - High-volume, consistent demand: Regular routes and predictable schedules.- Brand recognition and control: Branding vehicles and managing the entire process. Ultimately, the best choice depends on your specific needs and goals. Analyze your volume, frequency, and route complexity to determine the most cost-effective option.
