Question
Download Solution PDFAid or auxiliary to trade includes which of the following?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDF The correct answer is Warehousing.
Key Points
- Auxiliaries to trade refers to the factors that are essential for bringing the goods from the place of their production to the place of their consumption. In simple words, these are essential services and functions that assist the business.
- Warehousing: Warehousing refers to the process of stocking of goods so that it can be delivered to customers effectively. It is essential in maintaining the supply of the product, as per the demand in the market.
- Warehouses act as storage centers for goods, thereby helping the business with a source of goods storage and also assist in keeping the products safe throughout the entire process of reaching from producer to consumer.
Last updated on Jun 25, 2025
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