Mr. Sharan is a successful manufacturer. He is having production units at various locations. He has a large stock of raw material and finished goods. He is worried about safeguarding goods from any unwanted financial loss. He also requires to transfe…

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Q.3 (i) Mr. Sharan is a successful manufacturer. He is having production units at various locations. He has a large stock of raw material and finished goods. He is worried about safeguarding goods from any unwanted financial loss. He also requires to transfer raw material and finished goods from one unit to another but does not have any facility for that. He also requires funds for business expansion. (a) Name the service which will help him to safeguard goods from any damage. (b) Which service will help him to remove difficulty of place? (c) From which service sector will Mr. Sharan get financial support?

Doubtly AI · Accepted Answer

Answer: (a) Warehousing (b) Transport (c) Banking (a) Warehousing service will keep his large stock of raw materials and finished goods safely and protect it from damage. (To cover the financial loss if the goods are still damaged, he can also take fire or other insurance.) (b) Transport service removes the hindrance of place by moving raw material and finished goods from one unit to another, creating place utility. (c) Banking service will give him finance for business expansion through loans, cash credit, overdraft and similar facilities.

Mr. Sharan is a successful manufacturer. He is having production units at various locations. He has a large stock of raw material and finished goods. He is worried about safeguarding goods from any unwanted financial loss. He also requires to transfe…

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