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In business activities, there are some activities that are involved in the removal of
hindrances in process of exchange i.e. from the producer to the consumer. Identify
them.
Also classify the activities which help in removing the following hindrances:
(i)Hindrance of place
(ii) Hindrance of risk
(iii) Hindrance of time
(iv) Hindrance of finance
(v) Hindrance of information?
hindrances in process of exchange i.e. from the producer to the consumer. Identify
them.
Also classify the activities which help in removing the following hindrances:
(i)Hindrance of place
(ii) Hindrance of risk
(iii) Hindrance of time
(iv) Hindrance of finance
(v) Hindrance of information?
Most Upvoted Answer
In business activities, there are some activities that are involved in...
Activities involved in removing hindrances in the process of exchange:
- Transportation
- Warehousing
- Insurance
- Financing
- Advertising
Hindrance of place:
Transportation: By moving goods from the producer to the consumer, transportation helps in overcoming the hindrance of place. It ensures that products reach their intended destination in a timely manner.
Warehousing: Warehousing facilities provide storage for goods before they are distributed to the consumer. This helps in reducing the time it takes for products to reach the market, thereby overcoming the hindrance of place.
Hindrance of risk:
Insurance: By providing coverage for potential risks such as damage, theft, or loss of goods during transportation, insurance helps in mitigating the risk involved in the exchange process. This gives assurance to both the producer and the consumer.
Hindrance of time:
Warehousing: In addition to overcoming the hindrance of place, warehousing also helps in reducing the time it takes for products to reach the market. By storing goods in warehouses, they can be distributed as needed, thereby minimizing delays.
Advertising: Through effective advertising strategies, producers can create awareness about their products and reach a larger audience in a shorter period of time. This helps in reducing the time it takes for products to gain visibility in the market.
Hindrance of finance:
Financing: By providing financial assistance to producers, financing helps in overcoming the hindrance of finance. It enables producers to invest in production, transportation, and marketing activities, ensuring a smooth exchange process.
Hindrance of information:
Advertising: Through advertising, producers can provide consumers with relevant information about their products, such as features, benefits, and pricing. This helps in overcoming the hindrance of information by educating consumers and influencing their purchasing decisions.
- Transportation
- Warehousing
- Insurance
- Financing
- Advertising
Hindrance of place:
Transportation: By moving goods from the producer to the consumer, transportation helps in overcoming the hindrance of place. It ensures that products reach their intended destination in a timely manner.
Warehousing: Warehousing facilities provide storage for goods before they are distributed to the consumer. This helps in reducing the time it takes for products to reach the market, thereby overcoming the hindrance of place.
Hindrance of risk:
Insurance: By providing coverage for potential risks such as damage, theft, or loss of goods during transportation, insurance helps in mitigating the risk involved in the exchange process. This gives assurance to both the producer and the consumer.
Hindrance of time:
Warehousing: In addition to overcoming the hindrance of place, warehousing also helps in reducing the time it takes for products to reach the market. By storing goods in warehouses, they can be distributed as needed, thereby minimizing delays.
Advertising: Through effective advertising strategies, producers can create awareness about their products and reach a larger audience in a shorter period of time. This helps in reducing the time it takes for products to gain visibility in the market.
Hindrance of finance:
Financing: By providing financial assistance to producers, financing helps in overcoming the hindrance of finance. It enables producers to invest in production, transportation, and marketing activities, ensuring a smooth exchange process.
Hindrance of information:
Advertising: Through advertising, producers can provide consumers with relevant information about their products, such as features, benefits, and pricing. This helps in overcoming the hindrance of information by educating consumers and influencing their purchasing decisions.
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In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information?
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In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information?.
In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information?.
Solutions for In business activities, there are some activities that are involved in the removal of hindrances in process of exchange i.e. from the producer to the consumer. Identify them. Also classify the activities which help in removing the following hindrances: (i)Hindrance of place (ii) Hindrance of risk (iii) Hindrance of time (iv) Hindrance of finance (v) Hindrance of information? in English & in Hindi are available as part of our courses for Commerce.
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