BUSINESS STUDIES FOR JSS2 FIRST TERM
SUB -THEME: COMMERCE-THE HEART OF BUSINESS
The student should be able to:
- Explain the services that make trade easy.
- Explain the role of custom and excise in foreign trade.
Aids to trade
Aids to trade are the services that make trade easy to carry out. Examples are Banking, insurance, Advertising, Warehousing, Transportation etc.
Banking: This is the process of keeping money or other valuables for use at any time. The banks act as a payment agent. They are lenders to the financial system because they provide funds for use by businessmen and women.
Insurance: Insurance is a process of passing risk and its effect.... View More
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