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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
Give the features of place or physical distribution.
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Answer

  1. It is the task of moving the goods and services from the place of production to the place of their consumption.
  2. It creates both place and time-utility to a product.
  3. It makes a product convenient to be purchased when it is needed.
  4. It determines whether goods are to be marketed through wholesalers, retailers, retail outlets on any other channel.

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