Name the activity of commerce that removes the hindrance of time.a)Ban...
Activity of Commerce that removes the hindrance of time is Transportation.
Transportation is the activity of moving goods or people from one place to another. It removes the hindrance of time as it allows goods to be transported quickly from one place to another, thus reducing the time taken to conduct business. This is particularly important in today's fast-paced global economy where businesses need to move goods quickly to remain competitive.
Below are some of the reasons why transportation removes the hindrance of time in commerce:
1. Speed: Transportation allows goods to be moved quickly from one place to another, reducing the time taken to conduct business.
2. Accessibility: Transportation provides accessibility to remote areas, making it possible for businesses to reach customers in these areas and vice versa.
3. Efficiency: Transportation makes it possible for businesses to move large quantities of goods quickly and efficiently, reducing the time taken to conduct business.
4. Globalization: Transportation has made it possible for businesses to conduct business on a global scale, allowing them to reach customers in different parts of the world.
In conclusion, transportation is a vital activity of commerce that removes the hindrance of time. It allows businesses to move goods quickly and efficiently, reducing the time taken to conduct business.
Name the activity of commerce that removes the hindrance of time.a)Ban...
Warehousing removes hindrances of time by holding stocks and good and release them when they are needed..... so correct answer is d
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