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The means for the movement of goods and services from their supply locations to demand locations can be termed as which of the following?
  • a)
    Capital
  • b)
    Traders
  • c)
    Transport system
  • d)
    Power supply
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The means for the movement of goods and services from their supply loc...
Transport system is the means for the movement of goods and services from their supply locations to demand locations.e.g road transport,rail transport correct answer is optionC
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The means for the movement of goods and services from their supply loc...
Transport system
- The means for the movement of goods and services from their supply locations to demand locations is referred to as the transport system.
- The transport system plays a crucial role in the supply chain and distribution of goods and services.
- It involves the physical movement of products from manufacturers or suppliers to retailers or consumers.
- The transport system includes various modes of transportation such as road, rail, air, and sea.
- Each mode of transportation has its advantages and disadvantages, and the choice of mode depends on factors such as cost, distance, time sensitivity, and type of goods.
- Efficient transportation systems are essential for economic growth and development, as they facilitate trade and commerce.
- The transport system also includes supporting infrastructure such as roads, highways, railways, ports, and airports.
- Technology and logistics management play a significant role in optimizing the transport system and improving efficiency.
- A well-functioning transport system ensures timely delivery of goods and services to meet customer demand.
- It helps in reducing transportation costs, improving accessibility, and reducing environmental impacts.
- Overall, the transport system is a critical component of the supply chain and plays a vital role in connecting supply locations with demand locations.
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