Trade - JSS2 Business studies Past Questions and Answers - page 3
How does transportation aid in trade?
Transportation aids in trade by enabling the movement of goods from producers to consumers, ensuring efficient supply chains and market accessibility.
In what ways does tourism contribute to trade?
Tourism contributes to trade by attracting visitors who spend money on various goods and services, stimulating economic activity in local markets and supporting businesses.
Why are warehousing facilities important in trade?
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.
What is the role of customs in foreign trade?
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.