Trade and Aids to Trade (Commerce)

Trade:

    Trade is the buying and selling of goods and services with the aim of making a profit

Aids to Trade:

    Commercial activities that assist trade to take place

2 Types of Trade:

    Local :

        Retail

        Wholesalers

    Foreign:

        Import

        Export

Aids to Trade:

    WABTIC

W- Warehousing

A- Advertising

B- Banking

T- Transport

I- Insurance

C- Communication