AIDS TO TRADE

These are services that make trade easy or facilitate trade.

They are:

1. Advertising
2. Banking
3. Communication
4. Insurance
5. Tourism
6. Transportation
7. Warehousing

1. Advertising: This is creating awareness in the minds of the public about the existence of old and new in the market. There are several media of advertising such as radio, magazine, television, newspaper, cinema, billboard, internet, journal etc.
2. Banking: This is making funds available for businesses and individuals. It makes trade easy. Banks make money available in the form of loans and overdraft. Banks help to keep money, valuables and give financial advice.
3. Communication: The process of sending and receiving information from one place to another. It makes trade easy by linking suppliers with customers via telephone, telex, internet, email, etc.
4. Insurance: This makes a security/protection against the risk/loss in business because business is full of risk. There are different types of insurance – marine, motor vehicle, fire, life assurance, etc.

5. Tourism: This is a place for recreational holidays. Tourist centres increase trade activities, e.g. Olumo Rock, Zakari game reserve, Obudo cattle ranch, etc
6. Transportation: It provides the means of carrying people and goods from one place to another. Transportation could be by land, water, air and pipeline
7. Warehousing: The provision of a facility to store goods and materials until they are needed. It ensures a steady supply of goods. It could be ordinary warehousing, a bonded, or public warehouse. A warehouse is a place where finished goods are kept until they are needed.

See also

TRADE

OFFICE DOCUMENTS

PROCEDURES FOR HANDLING INCOMING MAILS

OFFICE CORRESPONDENCE

DOCUMENTS HANDLED BY A RECEPTIONIST