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The importance of warehousing in development of trade and commerce?

Anonymous

∙ 15y ago

Updated: 4/28/2022

Warehouses are one of the MOST important part in the development of trade and commerce. We are able to get the things that we need whether it is for personal need or for our business or company that we work for in a minimal time frame just because of warehousing. Most of the products are warehoused now so they can be sent out as soon as a order for them is received.

Wiki User

∙ 15y ago

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Continue Learning about Finance

How do banking and insurance facilitate trade and commerce?

In fact, banking and insurance are the two basic pillars of development for trade and commerce. While inclusive banking helps to reach the remotest corner of the country and accelerate growth of the rural economy, insurance offer both life and medical coverage at affordable rates to all citizens of the country. By this way, both banking and insurance segments have great social obligatory role to play in the spread of trade and commerce of the country.

Who is the Minister of trade and commerce in India?

Anand Sharma is Minister of Commerce & Industry, Government of India and JYOTIRADITYA M. SCINDIA - Minister of State for Commerce & Industry

The broadest business trade association in the US is the?

Chamber of Commerce

What is the main role of commerce in production?

commerce helps in giving knowledge of market techniques and other things in production

What is the difference between commerce and finance?

commerce relates to the trade activities, exchange of commodities etc while finance deals with budgeting, accounting,bookkeeping etc finance is a subject in commerce. commerce is business,marketing,accounting,controlling these activities while finance is focussed function related to inflows n outflows

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Related Questions

Importance of statistics in trade and commerce?

importance of statistics in trade

Importance of AIDS to trade in commerce?

Basically aids to trade facilitate trade. These are means to make trade run smooth. Everything such as banking, warehousing, transportation, communication, advertising etc. are just means to facilitate trade to go smooth.

What are the importance of AIDS to trade in commerce?

To help the producers

What were Zhou's facts about the development of commerce?

trade a lot of iron

Difference between commerce n trade?

1.Trade refers to mere exchange of goods,i.e., mere buying and selling of goods. but commerce refers not only buying and selling of goods, but also other activities,such as transport,insurance,warehousing, banking and advertising, which helps buying and selling of goods. 2.Trade is a branch of commerce,whereas commerce is a branch of business. 3.the scope of commerce is wider than that of trade.

What steps did sher shah take to promote trade and commerce in medieval India?

To promote trade and commerce,Sher Shah standardised coins and weights and measures.

Why was the U.S chamber of commerce stared?

to develop the u.s business, trade and overall flourishment of U.S trade and tourism.by determing the importance o f united trade the u.s chamber of commerce started.

What are the importance of electronic commerce?

E-Commerce is an important element of conventional trading. In e-commerce the trade take place between buyer and seller with the help of internet.E-Commerce help the companies to grow and expand. The companies who have not adapted the conventional medium of exchange is suffering. This statement is clearly mentioning the importance of e-commerce.

What is difference between among business trad commerce and industy?

Business ---- 1. Industry 2. Commerce 3.Profession/Service 2a) Trade 2a) Aids to Trade Home Foreign 1. Transportation Buying and Selling 2. Banking/Finance. 3.Insurance 4. Warehousing.5. Advertisement.

What are the effects of commerce in trade?

the impact of trade and commerce

Why was tobacco important in the history of trade and commerce?

Tobacco was important in the history of trade and commerce because it was a highly profitable crop that was in high demand. It played a significant role in the development of the transatlantic trade network and helped to drive the economy of many European colonies in the Americas. The cultivation and trade of tobacco also led to the establishment of trade routes, the growth of international markets, and the development of global trade networks.

What are the aids to trade?

Warehousing,Transport,Insurance,Banking,Advertising

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