How Hindrance Of Time Can Be Removed?

How is the hindrance of risk removed?

Hindrance of Time: systematic storage of goods can solve the hindrance of time which is known as warehousing.

Hindrance of risk: hindrance of risk of damage/loss of goods in transit in warehouse can be solved by insurance.


Which business activity removes the hindrance of person?

Commerce 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.

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. … A producer can produce goods on any scale,according to the demand.

What removes the hindrance of finance?

Answer: there are many institution which provides finance. banks, financial institutions, etc. … this remove hindrance of finance.

Which hindrance of trade does insurance remove and how?

In foreign trade, payments are arranged by commercial banks on behalf of importers and exporters. (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.

Which auxiliary to trade removes the hindrance of time?

WarehousingSolution : Warehousing or storage.

What does it mean to have no hindrance?

2 : a person or thing that interferes with or slows the progress of someone or something : impediment a hindrance to learning. 3 : the act of interfering with or slowing the progress of someone or something : the action of hindering should be allowed to live where he chooses without hindrance.

What hinder means?

hinder, impede, obstruct, block mean to interfere with the activity or progress of. hinder stresses causing harmful or annoying delay or interference with progress. rain hindered the climb impede implies making forward progress difficult by clogging, hampering, or fettering.

What are auxiliaries to trade?

Auxiliaries to trade are those activities which facilities business. Transport, banking, insurance, warehousing, and advertising is regarded as auxiliaries to trade.

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

mining cannot be classified as an auxiliary to trade.

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 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.

What is hindrance of time?

(iii) Hindrance of time refers to the problem of existance of time gap between production and consumption of goods. This hindrance is solved by warehousing or storage.

Can a person be a hindrance?

Hindrances are usually things, such as events or circumstances, but a person can be considered a hindrance, such as when they hinder someone else’s progress or work by interrupting them, getting in their way, or putting obstacles in their way.

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)

What does nuisance mean?

: something (as an act, object, or practice) that invades or interferes with another’s rights or interests (as the use or enjoyment of property) by being offensive, annoying, dangerous, obstructive, or unhealthful. — attractive nuisance.

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.