CBSE · Class 11 · Business Studies · Business, Trade and CommerceRemoval of hindrance of place is achieved by:
Step-by-Step Solution
Transport removes the hindrance of place by moving goods from the place of production to the market where they are consumed. Warehousing removes time hindrance, and banking removes financial hindrance.
Detailed Options Breakdown
Option : Banking
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 1: Warehousing
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
Option 2: Transport (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 3: Advertising
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Business, Trade and Commerce.
💡 Study Guide: This question tests core syllabus concepts from Business, Trade and Commerce. For formulas, key summaries, and mock exam reference guides, read the full Business, Trade and Commerce Revision Notes.