_______ helps in bringing about stable and uniform prices in different markets as traders are able to equalize the supply of goods at different places according to demand.

Transport

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Warehousing

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Banking

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Insurance

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Solution

The correct option is A Transport
Transportation is a major contributor to the economy and a competitive force in business. It is the activity that physically connects the business to its supply chain partners, such as suppliers and customers, and is a major influence on the customer's satisfaction with the company.

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Similar questions

Q. The _____________ between different traders brings down the price of goods in a weekly market.

Explain the changes that will take place when, in a market, the demand for a good is greater than supply at the prevailing price.

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Q. The locus of points representing quantities of goods a consumer is willing and able to buy at different price levels is called .

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1. Sporadic dumping is selling of goods at a low price in the foreign market to get rid of the inventory stocks.

2. Predatory dumping is selling a product at a lower price in foreign markets due to differences in elasticity of demand at home and in the foreign market.

3. Persistent dumping is destroying of competitors even at a loss initially and then, after eliminating of competitors, selling product at a high price.

Which of the above statements are correct?

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