Advertisements
Advertisements
Question
Statement I: A retailer delaying the purchase of seasonal goods for sale is addressing the hindrance of time in commerce.
Statement II: Warehousing solves the problem of storing goods until they are sold.
Options
Both I and II are correct.
Both I and II are wrong.
Only I is correct.
Only II is correct.
MCQ
Advertisements
Solution
Only II is correct.
Explanation:
- Statement I is incorrect because delaying the purchase of seasonal goods does not directly address the hindrance of time in commerce. Instead, it could lead to missed opportunities. The hindrance of time is more about ensuring goods are available when needed, not about delaying purchases.
- Statement II is correct because warehousing directly addresses the hindrance of time by storing goods until they are needed for sale, ensuring timely availability.
Thus, only statement II is correct.
shaalaa.com
Is there an error in this question or solution?
