types of trade and aid to trade
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WHAT IS TRADE TYPES WHAT IS TRADE TYPES OF TRADE AND AID TO OF TRADE AND AID TO TRADETRADE
Topic:
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TRADETRADETrade means buying and sellingThe system or channel,
which helps the exchange of goods.
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TYPES OF TRADE TYPES OF TRADE 1. Home trade2. Foreign trade
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HOME TRADEHOME TRADE The purchase and sale of goods in
side the
country is called home trade also known domestic local’ or ‘internal trade’
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Types of home tradeTypes of home trade Wholesale trade Retail trade
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Wholesale tradeWholesale tradeIt involves selling of goods in larg
e quantities to shopkeeper
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Retail tradeRetail tradeRetailing means selling the goods
in small quantities to the ultimate consume
rsMiddleman
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FOREIGN TRADEFOREIGN TRADETrade or exchange of goods and
services
between two or more independent
countries It is also called international trad
e.
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Types Foreign tradeTypes Foreign tradeImport tradeExport trade
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Import tradeImport tradeWhen goods or services are purc
hased from other country.
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Export trade:Export trade: When goods or services are sold
to any other country
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2. AID TO TRADE2. AID TO TRADEInstitutions that are meant and build to
assist and support the trading process.Means all those things which are helpful
intrade.
Such as:a) Banking e) Agents b) Transportation f) finance c) Insurance g) Advertising d) Warehousing h) Communication
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BankingBankingCommercial banks and other financial i
nstitution
help the seller and the buyer in receiving and
making payments.
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TransportationTransportationThe goods reach the consumers by
different
means of transportation like air, roads, rails,
Sea etc
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Insurance Insurance In
the transfer of goods from one place to another
There is a risk of loss due to accident, fire, theft
The insurance companies help out the traders
with this problem through insurance policy.
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WarehousingWarehousingA need for
warehouses arises in order to store
the manufactured goods.
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AgentsAgentsThey are the persons who act as the a
gent of either buyer or seller, they perform these
activities for commission.
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FinanceFinanceFinancial institutions provide long
‐term finance to the producers.
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AdvertisingAdvertisingAdvertisement is an easy way
to inform th large number of customers about the goods. This can be done through TV, newspapers, radio etc.
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CommunicationCommunicationThe producers, wholesalers, transport
ers, banks warehouse‐keepers, advertisers and consumers live at different place they
need to communicate each other using mobile telephone etc
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