CA Foundation Exam  >  CA Foundation Questions  >  Generally, market for perishable like butter,... Start Learning for Free
Generally, market for perishable like butter, eggs, milk, vegetables etc., will have
  • a)
    regional market
  • b)
    local market
  • c)
    national market
  • d)
    none of the above
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Generally, market for perishable like butter, eggs, milk, vegetables e...
Market for Perishable Goods

Introduction
Perishable goods like butter, eggs, milk, vegetables, and fruits have a limited shelf life. Hence, they need to be sold quickly. Therefore, the market for such goods is different from the market for non-perishable goods.

Local Market
The market for perishable goods is primarily a local market. This is because the goods need to be sold quickly, and transportation can take time. Moreover, perishable goods are highly perishable, and the quality deteriorates quickly. Therefore, it is not feasible to transport them long distances. Hence, a local market is the most appropriate market for perishable goods.

Regional Market
In some cases, perishable goods may have a regional market. For instance, some fruits and vegetables may be grown only in certain regions. Hence, the market for such goods may be limited to that region. However, even in such cases, the market is primarily a local market, as the goods need to be sold quickly.

National Market
In rare cases, some perishable goods may have a national market. For instance, some dairy products may have a national market. However, such cases are rare, and the market is still primarily a local market.

Conclusion
In conclusion, the market for perishable goods is primarily a local market. This is because the goods need to be sold quickly, and transportation can take time. Moreover, perishable goods are highly perishable, and the quality deteriorates quickly. Therefore, it is not feasible to transport them long distances.
Explore Courses for CA Foundation exam

Similar CA Foundation Doubts

Features of a Mixed Economy:A mixed economy is an economic system that combines elements of both a market economy and a planned economy. It incorporates features of both private enterprise and government intervention. The correct answer is D, as all of the following features are characteristic of a mixed economy:1. Planned economy:A mixed economy includes elements of a planned economy, where the government plays a role in guiding and regulating economic activities. It formulates economic plans and policies to ensure the efficient allocation of resources and to promote economic stability.2. Dual system of pricing:In a mixed economy, there exists a dual system of pricing, which means that both market prices and government-set prices coexist. While market forces determine prices for most goods and services, the government may intervene to regulate prices in certain sectors to protect consumers or promote social welfare.3. Balanced regional development:Another characteristic of a mixed economy is the emphasis on balanced regional development. The government intervenes to ensure that economic growth and development are not concentrated in specific regions or industries but are spread across different regions and sectors. This helps to reduce regional disparities and promote overall economic stability and social welfare.Benefits of a Mixed Economy:A mixed economy offers several benefits due to its combination of market forces and government intervention. Some of these benefits include:1. Economic efficiency:By incorporating market mechanisms, a mixed economy allows for resource allocation based on supply and demand, which promotes economic efficiency. Market forces encourage competition, innovation, and productivity, leading to higher levels of economic growth.2. Social welfare:Government intervention in a mixed economy enables the provision of public goods and services that may not be adequately provided by the market alone. This includes areas such as healthcare, education, infrastructure, and social security, ensuring a certain level of social welfare and equity.3. Stability and regulation:The government's role in a mixed economy helps to maintain economic stability through macroeconomic policies such as fiscal and monetary measures. It also regulates certain sectors to prevent market failures, protect consumer rights, and ensure fair competition.Conclusion:A mixed economy combines the advantages of both market forces and government intervention. It allows for economic efficiency, social welfare, and stability. The features of a mixed economy include elements of a planned economy, a dual system of pricing, and balanced regional development. These features work together to create a system that promotes both economic growth and social welfare.

Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer?
Question Description
Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Generally, market for perishable like butter, eggs, milk, vegetables etc., will havea)regional marketb)local marketc)national marketd)none of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
Explore Courses for CA Foundation exam

Top Courses for CA Foundation

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev