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Which of the following refers to the geographical separation between the producers and consumers?

Which of the following refers to the geographical separation between the producers and consumers? Correct Answer Spatial separation

The correct answer is Spatial Separation

Key Points 1. Spatial Separation

  • Producers and consumers are separated geographically. Producers tend to cluster together by industry.

2. Separation in Time

  • Consumers may not want to consume goods at the time they are produced, and time may be required to transport goods from producer to’ customer.

3. Separation in Values

  • Producers value goods and services in terms of cost and competitive prices. Consumers value goods and services in terms of utility and ability to pay. 

4. Separation of Information

  • Producers do not know who needs, what, when, where, and at what price consumers don’t know what is available from whom, where, when, and at what price.

Related Questions

In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. The difference/differences between a "Trade Mark" and a Geographical Indication is/are 1. A Trade Mark is an individual or a company's right whereas a Geographical Indication is a community's right. 2. A Trade Mark can be licensed whereas a Geographical Indication cannot be licensed. 3. A Trade Mark is assigned to the manufactured goods whereas the Geographical Indication is assigned to the agricultural goods/products and handicrafts only. Which of the statements given above is/are correct?
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Reason (R): It is the process whereby goods and services finally flow to the consumers who need them and the firm performs its functions of distributing its products among consumers.
A group conducted a survey of 100 consumers and reported that 72 consumers like apples and 45 consumers like oranges, what is the least number that must have liked both products?
Out of 500 consumers, 250 consumers liked product A and 275 liked product B. At least how many consumers liked both the product?
Each item consists of six sentences of a passage. The first and sixth sentences are given in the beginning as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and markyour response accordingly on the Answer Sheet.
S1 :In a globalized world, no country can hope to impose tariffs without affecting its own economic interests.
S6 :The ongoing trade war also threatens the rules-based global trade order which has managed to amicably handle trade disputes between countries for decades.
P :So both the U.S. and China, which have blamed each other for the ongoing trade war, are doing no good to their own economic fortunes by engaging in this tit-for-tat tariff battle.
Q : Apart from disadvantaging its consumers, who will have to pay higher prices for certain goods, tariffs will also disrupt the supply chain of producers who rely on foreign imports.
R : China, which is fighting an economic slowdown, will be equally affected.
S :The minutes of the U.S. Federal Reserve June policy meeting show that economic uncertainty due to the trade war is already affecting private investment in the U.S., with many investors deciding to scale back or delay their investment plans
The correct sequence should be