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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
Which variables should be studied by the entrepreneur before selecting any mode of transferring goods?
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Answer

An entrepreneur should study, compare and evaluate following variables before selecting any mode of transferring goods.
  1. Cost,
  2. Flexibility;
  3. Availability,
  4. Nature of commodity;
  5. Requirement of customer,
  6. Duration involved
  7. Speed and safety parameters.

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