Gujarat BoardEnglish MediumSTD 11 CommerceEconomicsMarket2 Marks
Question
How is geographical classification of a market?
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Answer
Classification of a market based upon geographical or place area is not rigid. It many changed when time and circumstances are changed. Recently there is revaluation in transportation and communication sector and the use of modern storage is increasing, the classification gap line is erased. e.g. In the past the milk market was local or regional it becomes national in present.
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