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Question

___________ creates time utility by supplying the goods at the right time to the consumer.

A
Transportation
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B
Communication
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C
Insurance
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D
Warehousing
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Solution

The correct option is D Warehousing


Description

A warehouse is a building for storing goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial parks on the outskirts of cities, towns or villages. Awarehousemay be defined as a place used for the storage or accumulation of goods. By storing the goods throughout the year and releasing them as and when they are needed, warehousingcreates time utility.


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