Aids to Trade PDF

What Are Aids to Trade? Aids to trade are services and tools that help businesses in the buying, selling, and movement of goods and services. They make trade easier and more efficient. Think of them as helpers in the world of trade. Main Aids to Trade 1. Transportation Transportation h...

What Are Aids to Trade? Aids to trade are services and tools that help businesses in the buying, selling, and movement of goods and services. They make trade easier and more efficient. Think of them as helpers in the world of trade. Main Aids to Trade 1. Transportation Transportation helps in moving goods from one place to another. It can be through roads, railways, ships, or planes. o Example: Think about how food gets to your local supermarket. Trucks or ships help move the food from farms or factories to stores. 2. Communication Communication allows businesses to share information. It could be phone calls, emails, or the internet. o Example: A shopkeeper might call a supplier to order more products, or a business can use a website to sell items online. 3. Banking Banks help in handling money. They offer services like loans, payments, and transfers, which help businesses buy and sell goods. o Example: A bakery can take a loan from the bank to buy a new oven, or customers can use debit cards to pay for their purchases. 4. Insurance Insurance protects businesses against risks. For example, if goods are damaged during transportation, insurance can help cover the loss. o Example: A clothing store might get insurance to protect their goods while they’re being shipped from another country. 5. Warehousing Warehousing involves storing goods before they are sold or distributed. It helps businesses manage inventory and ensures products are available when needed. o Example: A warehouse might store toys before they are sent to different stores during the holiday season. 6. Advertising Advertising helps businesses let people know about their products. This can be through TV, radio, social media, or billboards. o Example: A new restaurant might advertise on TV to attract customers.