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Define the terms trade and auxillary of trade efficiently?
Most Upvoted Answer
Define the terms trade and auxillary of trade efficiently?
Trade : refers to buying and selling of goods and services with the objective of earning profit.
Auxiliaries to trade : all those activities which help in removing various hindrances which arise in connection with the production and distribution of goods are called auxiliaries to trade.
1. transportation and communication.
2. Banking and Finance.
3. insurance .
4. Warehousing .
4.advertising.
Auxiliaries to trade : all those activities which help in removing various hindrances which arise in connection with the production and distribution of goods are called auxiliaries to trade.
1. transportation and communication.
2. Banking and Finance.
3. insurance .
4. Warehousing .
4.advertising.
Community Answer
Define the terms trade and auxillary of trade efficiently?
Trade : It refers to sale, transfer or exchange of goods and services. Auxiliary of trade : activities which help in mood flow of goods and services in the market are known as auxiliary to trade. These are also referred as service sector. The common auxiliary to trade are: Transport, Banking, Insurance, Warehousing and Advertising.
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Define the terms trade and auxillary of trade efficiently?
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Define the terms trade and auxillary of trade efficiently? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Define the terms trade and auxillary of trade efficiently? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Define the terms trade and auxillary of trade efficiently?.
Define the terms trade and auxillary of trade efficiently? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Define the terms trade and auxillary of trade efficiently? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Define the terms trade and auxillary of trade efficiently?.
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