This statement is TRUE.
Reasons:
‐ Transport creates place utility.
‐ ‘Difficulty of Place’ is a major problem faced by businesses.
‐ Goods are produced at one place and demanded over a wide area. The distance between ‘centers of production’ and ‘centers of consumption’ is vast.
‐ This difficulty is removed by an important aid to trade known as Transport.
‐ Transport ensures that raw material reach the industries in time and the finished goods from the industries reach the consumers on time.
Hence, the above statement is true.
