Aids To Trade
A great deal of difficulties are experienced in course of exchange of goods and services. The activities which help in overcoming those difficulties or hindrances are called aids to trade The examples of aids - to- trade are banking,insurance, warehousing,transport and advertising 1. BANKING:- Banks help in overcoming the financial problems of the business enterprise. Banks provide finance for holding stock between the time of purchase to the time of sale. 2.WAREHIUSING:- Goods are generally produced in the anticipation of demand. All the gooda produced are not consumed at the same time, warehousing provides suitable arrangement for storing the goods 3.INSURANCE:-It is the means of reducing risks of the business. Insurance covera the risk of loss to goods in transit and in warehouse on account of theft and fire 4.TRANSPORT:- It creates place utility of the products.It helps in carrying the goods from the production centre to the consumption centre and thereby create place utility