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The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation?
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The branch of commerce with remove hindrance of place . A. Business B....
The Branch of Commerce with Remove Hindrance of Place
Commerce is the exchange of goods and services between individuals and entities. It has various branches and one of the important branches of commerce is external trade. The external trade is responsible for removing the hindrance of place in the business. Let's understand more about it.
External Trade
External trade is the branch of commerce that deals with the exchange of goods and services between countries. It is also known as international trade. The external trade includes several activities such as exporting, importing, and entrepot trade.
Entrepot Trade
Entrepot trade is a type of external trade where goods are imported into a country and then re-exported without any further processing. The entrepot is a place where goods are stored temporarily before being shipped to their final destination. The entrepot trade is also known as re-export trade.
Removal of Hindrance of Place
The external trade removes the hindrance of place in the business by enabling the exchange of goods and services between countries. The hindrance of place refers to the geographical barriers that limit the movement of goods and services. The external trade overcomes these barriers by establishing trade relationships between countries.
The removal of hindrance of place has several advantages, such as:
- Increased market size
- Access to new products and services
- Lower production costs
- Increased competition
- Higher quality products and services
Conclusion
External trade is an important branch of commerce that removes the hindrance of place in the business. It enables the exchange of goods and services between countries, which has several advantages. The external trade includes several activities such as exporting, importing, and entrepot trade. The removal of hindrance of place has several advantages, such as increased market size, access to new products and services, lower production costs, increased competition, and higher quality products and services.
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The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation?
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The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation?.
The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The branch of commerce with remove hindrance of place . A. Business B. External trade C. Entrepot. D. Transportation?.
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