Final answer:
Transferability is an expression of the mobility of a commodity and refers to the ease with which a commodity can be moved from one location to another. It is determined by the characteristics and value of the product, the distance over which it must be moved, and the ability of the commodity to bear the costs of movement.
Step-by-step explanation:
Transferability is an expression of the mobility of a commodity and is a function of the characteristics and value of the product, the distance over which it must be moved, and the ability of the commodity to bear the costs of movement. Transferability refers to the ease with which a commodity can be moved from one location to another.
For example, a product with high transferability would be something like computer software, which can easily be transported over telephones and computer networks at lower costs. On the other hand, a product with low transferability would be something like liquid petroleum gas, which requires specialized handling and transportation infrastructure.