Question

Explain any four business activities which are auxiliaries to trade.​

Answer 1

Answer:

Activities which are meant for assisting trade are known as auxiliaries to trade. (i) Transport, banking, insurance, warehousing and advertising are regarded as auxiliaries to trade. (i) These are services that help in removing various hindrances which arise in connection with the production and distribution of goods.

Answer 2

Answer:

activities which are meant for assisting trade are know as auxiliaries to trade these activities are generally refers to as service because these are in nature facilitating activities relating to industry and trade

1, Tansport and communication production of goods generally Take place in particular location transport facilitate move ment of raw material to the place of production and the finished product from factories to the place of consumption communication facilities help produser trader and and consumers in exchanging information to other thus postal service and

telephones facilities may also be regarded as auxiliaries to businesses activities

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