Question

Over a period of time with the growth in trade activities many trade centres were developed at strategic locations briefly outline any two?

Answer 1

The growth in trade activities many trade centers

Explanation:

• Trade-related activities that enable the interchange of goods and services are referred to as auxiliary to trade.
• Transportation, advertising, packaging, warehousing, banking, and communication are only a few of the key trade auxiliary.
• Two business activities that are auxiliary to trading are listed below.
• Banking and finance: The most crucial input in any firm is money.
• Finance is required for purchasing raw materials and paying day-to-day expenses.
• Aside from having the correct amount of money, having it readily available and at a low cost is also critical.
• The demand for financing is enormous in today's world, where the majority of economic activities are undertaken on credit.
• This is because, when things are sold on credit, the monies invested are not realised until the goods are sold.