Question

Q. AS A BUSINESS MAN WHAT ARE THE DIFFERENT AIDS TO TRADE YOU ARE USING IN YOUR DAILY TRANSACTION OF BUSINESS? COMMENT​

Answer 1

Trade or exchange of goods involves several difficulties, which are removed by auxiliaries known as aids to trade. It refers to all those activities, which directly or indirectly facilitates smooth exchange of goods and services.



Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents, Trade promotion organizations in a country and Global organizations for international trade. Auxiliaries ensure smooth flow of goods from producers to the consumers.