Commercial Applications
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.
- Both I and II are correct
- Both I and II are wrong
- Only I is correct
- Only II is correct
Commercial Orgs Intro
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Answer
Only II is correct
Reason — Statement I is wrong because the hindrance of time is not addressed by a retailer 'delaying' the purchase of seasonal goods — it is addressed by storing goods in warehouses until they are demanded. Statement II is correct — warehousing holds and preserves goods from the time of production until they are sold, thereby creating time utility and removing the hindrance of time.
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