Trade - JSS2 Business studies Past Questions and Answers - page 3

Transportation aids in trade by enabling the movement of goods from producers to consumers, ensuring efficient supply chains and market accessibility.

Tourism contributes to trade by attracting visitors who spend money on various goods and services, stimulating economic activity in local markets and supporting businesses.

Warehousing facilities are important in trade because they provide storage for goods before they are distributed to the market, ensuring inventory management and smooth supply chains.

Customs regulate and facilitate foreign trade by enforcing regulations related to the import and export of goods, including tariffs, duties, and compliance with trade agreements, ensuring fair and legal trade practices.