Trade

A factor necessary for siting of a warehouse is nearness to

Detalles de la respuesta

A factor that is necessary for siting a warehouse is the **nearness to consumers**. When deciding where to locate a warehouse, it is important to consider the proximity or closeness to the consumers who will be buying the products stored in the warehouse. This is because being close to consumers has several advantages: 1. **Faster delivery**: When the warehouse is located near the consumers, it reduces the distance that goods need to travel to reach them. This means that products can be delivered more quickly, which is important for satisfying customer demands and providing a good customer experience. 2. **Reduced transportation costs**: Having a warehouse close to consumers also helps to reduce transportation costs. When the warehouse is located far away, it requires more time, fuel, and resources to transport goods from the warehouse to the consumers. By minimizing the distance, transportation costs can be minimized too. 3. **Flexibility and responsiveness**: Being close to consumers allows the warehouse to be more flexible and responsive to their needs. It becomes easier to adapt to changes in demand and customer preferences when the warehouse is situated nearby. This can help businesses stay competitive in the market. 4. **Customer satisfaction**: Ultimately, having a warehouse near consumers contributes to customer satisfaction. Customers appreciate receiving their products quickly and efficiently. By providing fast and convenient service, businesses can attract and retain more customers. In summary, the nearness to consumers is an important factor to consider when siting a warehouse. It enables faster delivery, reduces transportation costs, allows for greater flexibility, and leads to improved customer satisfaction.

One of the functions of commercial banks that cannot be performed by central banks is

Detalles de la respuesta

Commercial banks and central banks are both important players in the banking system. However, they perform different functions. One of the functions of commercial banks that cannot be performed by central banks is the collection of deposits from the public. Commercial banks accept deposits from individuals and businesses and use the money to make loans and investments. Central banks, on the other hand, are responsible for regulating the money supply, controlling inflation, and stabilizing the economy through monetary policy. While central banks can issue and redeem government securities such as treasury bills, they do not collect deposits from the public. Therefore, the correct option is: "collection of deposits from the public."