Question

Explain any two business activities which are auxiliaries to trade.

Answer 1

The two business activities which are auxiliaries to trade are as given below :

1. Transport and communication : The production of goods generally takes place in a particular location. For instance, tea is mainly produced in Assam, but it is required for consumption in different parts of the country. The hindrance of place is eliminated by transport-road, rail or coastal shipping.

2. Advertising : Advertising is one of the most important methods of promoting products - particularly, consumer goods such as electronic goods, automobiles, soaps, detergents, etc.