Question

To which Auxiliaries to Trade is related the following statement:

1) there is lot of risk in the business.

2) Information in business has a special significance.

3) Business can not be run without funds.

4) To do business material has to be purchased from far of places.​

Answer 1

Answer:

Insurance: Insurance is a auxiliary to trade to cover risk in the business. 2. Advertising : Information about the goods to be sold must be reached to the potential customers. ... Banking & Finance : Banking services helps organisation to finance their business and provide funds.

(i) Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade. (ii) Hindrance of place refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.

Answer 2

Answer:

Answer: Insurance: Insurance is a auxiliary to trade to cover risk in the business. ... Banking & Finance : Banking services helps organisation to finance their business and provide funds