Those activities which facilitate business.Transport, banking, insurance, warehousing, advertising and meant to assist trade are known as auxiliaries to trade.
Two business activities which are auxiliaries to trade are
(i) Transport and Communication- Production is done at a particular location. Transport helps in movement of raw material to the place of production and the finished products to the place of selling.
(ii) Warehousing- Goods are not sold or consumed immediately so They are held in stock to be available when demand arises. warehouses help in preventing loss or damage of goods.
Final answer-Those activities which facilitate business.Transport, banking, insurance, warehousing, advertising and meant to assist trade are known as auxiliaries to trade.
Two business activities which are auxiliaries to trade are
(i) Transport and Communication- Production is done at a particular location. Transport helps in movement of raw material to the place of production and the finished products to the place of selling.
(ii) Warehousing- Goods are not sold or consumed immediately so They are held in stock to be available when demand arises. warehouses help in preventing loss or damage of goods.