Question

Explain any two business activities which are auxiliaries to trade

Answer 1

1. Transport:   In the modern times there is a vast distance between centers of production and the centers of consumption. This difficulty is removed by an important aid to trade known as transport. Transport creates place utility.

2. Communication: Communication means transmitting or exchange of information from one person to another. It can be oral or in writing. It is necessary to communicate information from one to another to finalize and settle the terms of sales such as prices of goods, discount allowed, facility of credit, etc

Answer 2

1. Transport:   In the modern times there is a vast distance between centers of production and the centers of consumption. This difficulty is removed by an important aid to trade known as transport. Transport creates place utility.

2. Communication: Communication means transmitting or exchange of information from one person to another. It can be oral or in writing. It is necessary to communicate information from one to another to finalize and settle the terms of sales such as prices of goods, discount allowed, facility of credit, etc.

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