Aids to Trade - JSS2 Business studies Lesson Note

Banking: Banks facilitate trade by providing financial services such as loans, credit, and currency exchange.

Insurance: Insurance protects traders against risks such as loss, damage, or theft of goods during transit or storage.

Advertising: Advertising helps in promoting products and creating demand among consumers, thus boosting sales and trade.

Communication: Communication tools like telephones, emails, and internet facilitate quick and efficient communication between traders, customers, and suppliers.

Transport: Transport systems, including road, rail, air, and sea, enable the movement of goods from producers to consumers across different locations.

Tourism: Tourism contributes to trade by attracting visitors who spend money on various goods and services, thereby boosting local economies.

Warehousing: Warehouses provide storage facilities for goods before they are distributed to the market, ensuring smooth supply chains.

Commerce: Commerce encompasses the entire process of buying and selling goods and services, including activities such as negotiation, distribution, and financing.