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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market5 Marks
Question
Write the features of transportation with reference to entrepreneur.
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Answer

Following are the features of transportation:
  1. It helps in removing the hindrance of place in exchange of goods and services.
  2. It forms a link from their place of production to the place of their consumption.
  3. It is the physical movement of goods or passengers from one place to another.
  4. Various modes of transportation are Railways, Roadways, Airways, Waterways and Pipelines.
  5. Various modes of communication like telephone, telegram, e-mails, online, fax, etc. are used for transportation.

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