Question

Which hindrance of commerce is highlighted in the
following
activities?
1. Thereexists time gap between production and consumption of goods.
2. it removes the geographical reparation between producers
and consumers.
market where buyers
(iii) Trade provides an
and sellers can contact each other.
organised​

Answer 1

Answer:

1 warehousing segment

2 transport segment

3 trade segment

Answer 2

Answer:

1. The hindrance of Time.

2. The hindrance of Distance or Place.

3. Lack of Personal Contact.

Explanation:

1. There exists a time gap between production and consumption of goods.

In the following problem, the hindrance to commerce is Time or Storage.

Time or Storage: This hindrance is removed by warehousing.  

• Warehousing Storage and warehousing activities remove the hindrance of time by facilitating the holding of stocks of goods to be sold as and when they are required.
• Warehousing helps a business to overcome the problem of storage to prevent loss or damage of goods.

2. It removes the geographical separation between producers

and consumers.

In the following problem, the hindrance to commerce is the Distance or Place.

Distance or Place: This hindrance is removed by transportation.

• Transportation provides a means to connect the producers with the consumers of a market.

• Transportation enables the easy movement of goods.

3. Trade provides a market where the traders and sellers can contact each other organised​.

In the following problem, the hindrance to commerce is the Lack of Personal Contact.

Lack of Personal Contact: This hindrance is removed by traders and middlemen.

• Traders and middlemen provide a means for a personal touch in commerce.
• They help in felicitating a marketplace where an organised contact between the buyers and sellers can be maintained.