An aid to trade which creates time utility,
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lower money rates
better and cheaper transportation
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Aid to trade consists of activities which determine the smooth functioning of a system. Trading involves the exchange of ‘goods and services’ which are supported by the aids of trade.
EXPLANATION:
The various aspects of aid to trade are logistics, warehousing, distribution, marketing, banking and more which facilitate the movement of goods for trading.
The aids of trade help with the smooth functioning of the flow of goods from the manufacturers to the consumers. without the aids of trade, the operations and functioning of a system are not possible.
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