Question

Explain. the auxiliaries to trade.

Answer 1

Auxiliary trade refers to all the activity which is necessary to bring goods from the place of their production to the place of their consumption....


like

Banking, transport, advertisement etc

Answer 2

These are the activities which help in the functioning of trade.

• The movement of commodities and services from one person or entity to another, usually in return for money, is known as trade.
• Auxiliaries facilitate the overall process. They are also necessary for their proper functioning and support.
• These activities are -

1. Transportation
2. Warehousing
3. Communication
4. Advertising
5. Insurance
6. Packaging
7. Banking
   #SPJ6