what are the hindrances of conmerce ? long answers
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- It includes all organism who share a set of distinguishing common characters,l. For eg. Plant kingdom, Animal kingdom, etc.
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Following are the hindrances in commerce: Lack of Personal Contact: This hindrance is removed by traders and middlemen. Distance or Place: This hindrance is removed by transportation. Finance: This hindrance is removed by banking. Time or Storage: This hindrance is removed by warehousing. Risk: This hindrance is removed by insurance companies. Information: This hindrance is removed by advertisement or communication.
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