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Business Studies

Functions of Warehouses

What are the ...

Question

What are the hindrances in commerce? Which agencies are used to remove these hindrances ?

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Solution

Various hindrances in commerce are :

(a) Hindrance of person - removed by trade agencies

(b) Hindrance of place - removed by transportation agencies

(c) Hindrance of time - removed by warehouses management agencies

(d) Hindrance of finance - removed by bank

(e) Hindrance of risk - removed by insurance companies

(f) Hindrance of knowledge - removed by advertisement companies

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