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Rajiv wants to start a whole safe buisne...

Rajiv wants to start a whole safe buisness of readymade garments, but he is hesitating as it involves various problems such as searching for customers, for moving goods from place of production to market , informing customers about new designs and varieties added every season, threat of risk loss by fire or accident, storing the excess stock of goods etc.
He appraoches his friend sandeep who explained him about some branches of commerce, which can help Rajiv to over come his hesitation.
(a) State the type of business Rajiv is planning to start.
(b) State which dimension of business can help Rajiv to overcome these hindrances.
(c) Specify different types of Auxiliaries to trade which can help Rajiv to overcome his problems. Quote the line for each type from above para.

Text Solution

Verified by Experts

(a) Trade-Whole sale Trade.
(b) Commerce
(c) (i) Searching for Customer -Trade
(ii) Moving goods-Transportation
(iii) Informing customers-Advertisement
(iv) Threat of Risk -Insurance.
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