Question

Study of commerce is the study of Trade and Aids to Trade”. Evaluate this statement.

Answer 1

Commerce includes Trade as well as Aids to Trade. Trade means exchange or buying and selling of goods. 

Classification of Trade 

1. Internal 

2. External Activities which assist trade are called aids to trade. 

Classification of Aids to Trade 

1. Transport 

2. Communication 

3. Insurance 

4. banking

5. Advertising 

6. Warehousing 

7. Sales promotion