Question : Which function of marketing is highlighted in the given statement?
Statement: The need for it rises because there is a time gap between production and consumption of goods.
Option 1: Physical distribution
Option 2: Product designing and development
Option 3: Transportation
Option 4: Storage or warehousing
Answer (1)
23rd Jan, 2024
Correct Answer:
Storage or warehousing
Solution : The need for storage and warehousing rises because there is a time gap between production and consumption of goods.This time gap maybe either due to irregular demand or due to irregular supply. The function of storage is performed by different agencies a chese manufacturers, wholesalers and retailers.
Hence, option D is correct.
Comments (0)
