Final answer:
The least expensive method for a business to send goods overseas is typically Ocean freight, as cargo ships are integral to global trade and offer lower costs for large-volume shipments. The correct option is C. Ocean freight
Step-by-step explanation:
A business that needs to send goods overseas in the most cost-effective manner should consider several options. These options include Express air freight, Standard air freight, Ocean freight, and International courier services. However, if the priority is minimizing expenses, the least expensive method is typically Ocean freight. As indicated by Figure 1.9, cargo ships are a crucial part of global trade and are used extensively for transporting goods in the global economy, due to their ability to carry large volumes of goods with lower transportation costs compared to air freight services.
Factors such as the speed of delivery, cost, and the nature of the goods being shipped will influence the decision. For high-value, time-sensitive goods, air freight might be the better option, despite higher costs. However, for bulk shipments that are not time-critical, ocean freight is generally the most economical choice.
Furthermore, the location of the business in relation to transport hubs, and access to uncrowded freeways, rail, or water transport can impact the overall costs of shipping and should be taken into consideration when planning logistics.
The correct option is C. Ocean freight