Business, Trade and Commerce · Class 11 · CBSE · Commerce Business Studies
Which of the following auxiliary to trade helps in removing the hindrance of time by storing goods during the period between production and consumpti…
Practice question from Business, Trade and Commerce (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-C048D8
Which of the following auxiliary to trade helps in removing the hindrance of time by storing goods during the period between production and consumption?
- A.Transportation
- B.Banking
- C.WarehousingCorrect answer
- D.Insurance
Solution
Warehousing or storage helps create time utility by bridging the time gap between when goods are produced and when they are actually demanded or consumed.
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