1. State the importance of transport.
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transport is impotant because its helps in transpotation
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- The mechanism or means by which people or products travel from one location to another is referred to as transportation.
- This has evolved into one of the most significant aspects of modern existence.
- Every firm is tied to this economic activity in one way or another, and it has a direct impact on how they operate or perform.
- To put it another way, the company is fully reliant on the transportation system to supply its services and goods in a timely and efficient manner.
Importance of transport.
- Transportation has made it feasible to transport labour from one site to another as needed and to utilize them at maximum efficiency. It greatly facilitates the provision of labour and manpower.
Price Increase Control
- This is a key feature of transportation since it helps to eliminate any price discrepancies.
- It facilitates the movement of products from one location to another, bringing cooperation between more well-supplied and under-supplied sections of the country.
Increasing profits
- By bringing in low-cost raw materials from various regions and delivering their final items to far-flung clients, transportation aids in increasing the profit of the company.
- Raw materials are cheap and plentiful in remote parts of the country, and they are transported to the manufacturing region and turned into completed items via transportation.
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