question_answer

A business man started a new venture. He took a loan from bank from the same. He required raw material from China and imported the same. He got the raw material insured so as to protect it against marine risks. When raw material reached India, he stored it in a public warehouse. He arranged for sending goods to his factory in Delhi using railways. He wrote an e mail to his manager in Delhi to collect goods. Quoting lines identify the auxiliaries to trade being used in above case.

Answer:

Ans.     He is making use of following auxiliaries to trade:

(a) Banking: He took a loan from bank from the same.

(b) Insurance: He got the raw material insured so as to protect it against marine risks.

(c) Warehousing: When raw material reached India, he stored it in a public warehouse.

(d) Transportation: He arranged for sending goods to his factory in Delhi using railways.

(e) Communication: He wrote an e mail to his manager in Delhi to collect goods.