The auxilliaries to trade help to …

Auxiliaries to trade help in the removal of hindrances in the process of exchange:-

1. Activities which are meant for assisting trade are known as auxiliaries to trade. They are generally known as 'Services' since they play a supporting role for the industry and trade to happen.
2. The auxiliaries help in removing the various hindrances which arise in connection with production, distribution and sale of goods.
3. The hindrances may be in respect of persons, place, time, risk, finance, etc.
4. For example, transport removes the hindrances of place by moving goods from the places of production to the markets for sale, storage and warehousing activities removes the hindrance of time by facilitating holding of stocks of goods to be sold as and when required.
5. This is how Auxiliaries facilitate movement, storage, financing, risk coverage and sales promotion of goods.