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Business Studies

Trade and Auxiliaries to Trade

Which busines...

Question

Which business activity removes all the hindrances in the process of exchange.

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Solution

Auxillaries to trade are those activities which facilities business. Transport, banking, insurance, warehousing, and advertising is regarded as auxiliaries to trade.

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Q. Name the service which is related to the following cases:
(i) The service which helps in removing hindrance of knowledge
(ii) The service which helps in removing hindrance of exchange
(iii) The service which helps in removing hindrance of place
(iv) The service which helps in removing hindrance of time
(v) The service which helps in removing hindrance of risk.

Q. _______ removes the hindrance of finance and facilitate the exchange.

Q. _______ is the sum total of all those processes which are engaged in the removal of hindrance of person, place or time

What are the hindrances in commerce? Which agencies are used to remove these hindrances ?

Q. Business process in the marketing and sales department involves which of the following activity?

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