Trade - JSS2 Business studies Past Questions and Answers - page 2

Examples include banking services like loans and credit, insurance for risk management, advertising to promote products, efficient communication tools, transportation infrastructure, tourism contributing to economic activity, warehousing for storage, and commerce encompassing all aspects of buying and selling.

Banks facilitate trade by providing financial services such as loans for investment, credit for purchasing goods, currency exchange for international transactions, and electronic payment systems for efficient transactions.

Insurance is important in trade because it protects traders against various risks such as loss, damage, or theft of goods during transit or storage, ensuring business continuity and financial stability.

Advertising plays a crucial role in trade by promoting products and creating demand among consumers, thus increasing sales and contributing to economic activity.