Question

The auxiliaries to trade help to remove the various bottlenecks such as place, time, person, risk
and exchange. Explain how.
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Answer 1

Answer:

place _transportation

time - warehousing

risk - insurance

Explanation:

as transportation will help in moving goods from one place to another.

warehousing will help in keeping the goods safe for future use . for example, wheat is produced in the April month but is needed for whole year at this warehousing remove the hindrance of time.

Answer 2

Answer:

Transportation, Banking, Insurance, Communication and Advertising, Warehousing

chain of distribution

Explanation:

1. warehousing- remove the hindrance of time
2. transportation -remove the hindrance of place

3.Advertisement and communication -remove the hindrance of knowledge

4.Banking-remove the hindrance of exchange of money

5.Insurance-remove the hindrance of risk

6.chain of distribution between producer and consumer - remove hindrance of persons

this is all about the question ask