What is aids to trade?



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Aids to trade and the types - definition, Aids to Trade also known as auxiliaries which provide support to perform activities related to industry and trade. Aids to trade includes Transport, Communication, Warehousing, Banking, Insurance, Advertising, Salesmanship, Mercantile agents, Trade promotion. The formal study of commerce recognizes four aids to trade: advertising, banking, insurance, and transport. Aids to Trade involve transport, communication, banking, insurance, warehousing, advertising, salesmanship, mercantile agents and trade promotion organisations which help in bringing development in the country. Aids to Trade are the activities which are necessary for smooth flow of goods from producers to consumers. Aids to Trade are commercial services which assist the functioning of the trade.



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