Study the following case/situation and express your opinion:
| Mr. Raman is a successful manufacturer. He is having production units at various locations. He is having multiple production units, he has a large stock of raw material and finished goods. He is worried about safeguarding goods from any unwanted financial loss. He also requires to transfer raw material and finished goods from one unit to other but does not have any facility for that. He also requires funds for expansion. |
|---|
| Name the service which will help him to safeguard goods from any damage. |
| Which service will help him to remove difficulty of place? |
| From which service sector will Mr. Raman get financial support? |
You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.
Start your 14-day free trial to unlock the full solution →Mr. Raman requires three business services: Warehousing (to safeguard goods), Transport (to remove the difficulty of place), and Banking (for financial support). These are all auxiliaries to trade that support smooth business operations.
This case tests the different business services (auxiliaries to trade) studied in Maharashtra HSC OCM (the same set of services — transport, warehousing, banking, insurance, communication — appears in NCERT/CBSE Business Studies). Each hurdle Mr. Raman faces is solved by a specific service.
1. Safeguarding goods from damage → Warehousing service.
Mr. Raman has a large stock of raw material and finished goods. Warehousing provides safe and scientific storage of goods until they are needed, protecting them from theft, spoilage, weather and other damage. It removes the hindrance of time (the gap between production and consumption).
2. Removing the difficulty of place → Transport service. …
Unlock everything free for 14 days
- Full step-by-step solutions
- Concept-first explanations
- Methods, shortcuts & mistakes
- PYQ mapping + timed mock tests
Full access for 14 days. No credit card required.