Question: Which Hindrance Is Removed By Advertising?

Which hindrance of trade does insurance remove and how?

(c) Insurance The risk of loss or damage to the factory building, machinery, furniture, goods held in stock or goods in course of transport due to theft, fire, accidents, etc is removed by insurance of goods..

What are the types of hindrance?

The five hindrances individuallySensory desire (kamacchanda) The hindrance of sensory desire (kamacchanda) is latching onto thoughts or feelings based on the pleasures of the five senses. … Ill will (vyapada) … Sloth-torpor (thina-middha) … Restlessness-worry (uddhacca-kukkucca) … Doubt (vicikicchā)

Which of the following Cannot be classified as an auxiliary to trade?

Answer. mining cannot be classified as an auxiliary to trade.

How would you classify business activities?

Business activities may broadly be classified into two categories namely (A) Industry and (B) Commerce. Industry involves production of goods and services whereas commerce is concerned with the distribution of goods and services.

Which hindrance of trade is removed by advertising?

Removal of Obstacles or Hindrance of Trade: It is removed by advertising. Transportation removes the hindrance of place.

Which hindrance is removed by transportation?

Following are the hindrances in commerce: Lack of Personal Contact: This hindrance is removed by traders and middlemen. Distance or Place: This hindrance is removed by transportation. Finance: Thishindrance is removed by banking.

What do you mean by hindrance of knowledge?

Hindrance of knowledgeThe consumers may not buy the best products available in themarket because they may not possess the knowledge of the marketconditions. Hence it is known as hindrance of knowledge. The absenceof information about products is a great hindrance in the way of buyingthem.

Which hindrance of commerce is highlighted in the following activities?

a) The hindrance that is highlighted is ‘hindrance of place’. Commerce provides transportation facilities that enables the producers to take their goods to the market place and sell them to the consumers.

What is trade explain the types of trade?

What are different types of trade ? Explain. Trade refers to buying and selling of goods. A trader purchases goods from manufacturers and sells them to consumers. … Trade is confined to buying and selling of goods and is a part of commerce, which is wider term that includes trade and aids to trade.

Which auxiliary to trade removes the hindrance of time?

Answer: For example, transport removes the hindrances of place by moving goods from the places of production to the markets for sale, storage and warehousing activities removes the hindrance of time by facilitating holding of stocks of goods to be sold as and when required.

Which business activity removes all the hindrances in the process of exchange?

CommerceCommerce removes all hindrances in the process of trade. Commerce includes trade and activities incidental to trade, to break the barriers between producers and consumers. It helps to remove the hindrance of place, person, time, risk, exchange, etc. by means of trade, transport, warehousing, insurance, banks, etc.

Why is Commerce considered as the backbone of industry?

commerce is concerned as backbone of industry because of its two main features Trade and aids to trade. Trade is of three types internal,external and entreport. commerce is cosidered as a backbone to industry as it provides several facilities to industry like warehousing, insurance,banking,advertising etc.

What facilitates buying and selling of goods and services?

The ‘buying and selling of goods’ are termed as trading. The activities that help with the buying and selling of goods are termed as auxiliaries of trade. Explanation: … The different auxiliaries of trading are Transport and communication, banking and finance capital, insurance, warehousing, and advertising.

What is the role of commerce in removal of hindrance in the process of exchange?

Commerce provides the necessary link between producers and consumers. … The hindrance of persons is removed by trade thereby making goods available to the consumers from the producers. Transport removes the bottlenecks of place by moving goods from the places of production to the markets for sale.

What removes the hindrance of knowledge?

The tertiary industry that helps in removing the hindrance of knowledge is ‘advertising’. It does so by providing various useful information to the consumers about the product.

How does transportation help in removing hindrance of place?

TransportTransport removes place hindrance. Goods may be produced atplaces where they are in less demand. These goods are to be taken tothe place of consumption with the help of transport facilities we cancreate ‘place utility’ in goods.

What is the meaning of hindrance?

1 : the state of being interfered with, held back, or slowed down : the state of being hindered hindrance of speech. 2 : a person or thing that interferes with or slows the progress of someone or something : impediment a hindrance to learning.

Why do we insure goods?

We insure goods to minimize the risk of loss. Goods may be damaged or destroyed by theft, fire and natural calamities in the process of transport and storage. Insurance protects against such loss.

What are the hindrance in trade?

Hindrances of exchange: Hindrance of exchange is overcome by trade. Trade is an integral part of commerce. It simply refers to sale, transfer or exchange of goods and services. … Hindrance of risk: hindrance of risk of damage/loss of goods in transit in warehouse can be solved by insurance.

How hindrance of time can be removed?

(d) Warehousing Storage and warehousing activities remove the hindrance of time by facilitating holding of stocks of goods to be sold as and when required. Warehousing helps business firms to overcome the problem of storage to prevent loss or damage and facilitates the availability of goods when needed.