Question
Explain Auxiliaries or 'Aids to Trade'.

Answer

While dealing with the activities of enterprise, an entrepreneur faces many problems regarding finance, knowledge, time, person, and place, requiring immediate solution. The flow of goods/ services from producers to consumers is obstructed by many environmental factors. All these difficulties are overcome with the help of various agencies or support systems known as 'Aids to Trade'. It includes Transportation, Banking, Insurance, Warehousing, Advertisement and Salesmanship.

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