Question

9. Which hindrance of commerce is highlighted in the following activities?

a. It removes the geographical separation between producers and consumers

b. Banking and financing institutions provide necessary funds to carry on business activities

c. Insurance protects the goods in case of damage due to theft, fire and accidents.

d. Warehousing facilities holding goods till they are required.

10. Identify the types of industry highlighted in each of the following ​

Answer 1

Answer:

c. Insurance protects the goods in case of damage due to theft, fire and accidents.

Answer 2

We are provided with a few statements of activities and we are asked which hindrances of commerce are highlighted in the activities. The hindrances of commerce that are highlighted in the following activities are as under:

• Hindrance is referred to the problem of the distribution of goods at a distant place without loss.
• The hindrances can be broadly divided into six different types.
• The hindrances are hindrances of place, time, person, risk, finance, and information.
• The hindrance highlighted in the first activity is the hindrance of place.
• The hindrance highlighted in the second activity is the hindrance of finance.
• The hindrance highlighted in the third activity is the hindrance of risk.
• The hindrance highlighted in the fourth activity is the hindrance of time.

PROJECT CODE: #SPJ2

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