No business can survive without enough amount of funds .Banks are providing financial assistance to the businesses to overcome one of the following hindrance of trade.
a) hindrance of place b) hindrance of time
c) hindrance of finance d) hindrance of information
Answers
Answer:
hindrance of finance
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Answer:
The correct option for this question is c) hindrance of finance.
Explanation:
What is the financial hindrance?
It assists in making products and services accessible to final consumers. By arranging funds and paying the seller through banks and other sources, a process called banking, financial obstacles can be removed. Producers and dealers can advertise the products and services offered in the market thanks to advertising, which eliminates the information barrier. Banking removes financial obstacles since when we establish a firm, we need money to make investments, purchase items, etc. Banking in this country benefits us by lending us money. Finance provided through banks and other financial organisations by commerce eliminates the barrier to financing.
Thus, a business cannot operate unless there is money available for purchasing assets and covering ongoing costs.