Business Studies
Trade and Auxiliaries to Trade
In Class 11 Business Studies, this topic from “Business, Trade and Commerce” explains trade as the exchange of goods and services and shows how it connects producers with consumers. Students learn about internal and external trade, including wholesale, retail, import, export and entrepôt trade, along with the auxiliaries to trade that make business possible. Transport, warehousing, banking, insurance, communication and advertising are examined as essential services that remove barriers of place, time, finance, risk and information.
Easy · Level 1 · 11 questions