As a businessman what are the different aids to trade you are using in your daily transaction of business? Comment
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5
Aids to trade refers to all the activity which is necessary to bring goods from the place of their production to the place of consumption.
Such are - -
1) Banking - - It refers to lending or borrowing money by the businessman for the purpose of production and exchange of goods and services.
2/ Transportation - - Movements of the goods and services from one place to other is called Transportation. It also plays an important role in exchange of goods and services
3)) Warehouse - - Sometimes there is need to store goods for long time to protect them from spoiling.. So that's why businessman use warehouse which protect goods and services for the long period.
4// Communication - - When we exchange our ideas, thoughts, opinions, feelings and emotions with others called communication. It is most important for business to deal with other businessmen
5// Advertisement - - Every business wants to increases their sales so that they easily earn profits and best risks.. So in that case, Businessman used advertisement which attracted customer and increase sales..
Such are - -
1) Banking - - It refers to lending or borrowing money by the businessman for the purpose of production and exchange of goods and services.
2/ Transportation - - Movements of the goods and services from one place to other is called Transportation. It also plays an important role in exchange of goods and services
3)) Warehouse - - Sometimes there is need to store goods for long time to protect them from spoiling.. So that's why businessman use warehouse which protect goods and services for the long period.
4// Communication - - When we exchange our ideas, thoughts, opinions, feelings and emotions with others called communication. It is most important for business to deal with other businessmen
5// Advertisement - - Every business wants to increases their sales so that they easily earn profits and best risks.. So in that case, Businessman used advertisement which attracted customer and increase sales..
Answered by
2
Aids to Trade are the activities which are necessary for smooth flow of goods from producers to consumers. The main aids to trade are given below:
1. Transport:
Transport refers to the conveyance of goods and passengers from one place to another. It facilitates trade by assembling and distributing goods
2. Warehousing:It is necessary to store the goods until they are sold. so the need of storage is arised..
3.Insurance:Business involves several types of risk . To reduce the risk insurance is used ..
e.g fire insurance , life insurance
4. Banking : To meet the daily needs of business the finance is needed therefore banking facility is needed..
5. Advertising:Advertising brings goods and services to the knowledge of prospective buyers.
6.Communication:
Quick and reliable means of communication are essential for efficient operation of commercials acclivities ; Posts and Telegraph, Telephone Nigams, Fax, E-mail, Internet, etc. provide vital means of communication for commerce and industry.
1. Transport:
Transport refers to the conveyance of goods and passengers from one place to another. It facilitates trade by assembling and distributing goods
2. Warehousing:It is necessary to store the goods until they are sold. so the need of storage is arised..
3.Insurance:Business involves several types of risk . To reduce the risk insurance is used ..
e.g fire insurance , life insurance
4. Banking : To meet the daily needs of business the finance is needed therefore banking facility is needed..
5. Advertising:Advertising brings goods and services to the knowledge of prospective buyers.
6.Communication:
Quick and reliable means of communication are essential for efficient operation of commercials acclivities ; Posts and Telegraph, Telephone Nigams, Fax, E-mail, Internet, etc. provide vital means of communication for commerce and industry.
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