Nature and Purpose of Business Test - 4

The percentage of total sales for a product in a particular market that a business accounts for is the market standing for that company. The word marketing standing is concerned with Position of an enterprise.

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Trade is an essential part of commerce.

A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities, towns and villages.

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.

Advertising is an audio or visual form of marketing communication that employs an openly sponsored, nonpersonal message to promote or sell a product, service or idea.

Transport or transportation is the movement of humans, animals and goods from one location to another. Communication is simply the act of transferring information from one place to another.

Auxiliaries to trade or aids to trade also provide necessary support to trade. Such as transport, warehousing, banking and finance, and insurance.

Consumers buy things that producers make or sell. Commerce provides the necessary link between Producers and Consumers.

Auxiliaries to trade or aids to trade also provide necessary support to trade. Such as transport, warehousing, banking and finance, and insurance. Trade, or commerce, involves the transfer of goods or services from one person or entity to another, often in exchange for money.

Genetic industries are those industries which are engaged in re-production and multiplication of species of plants and animals with the sole objective of sale. These industries are engaged in activities such as animal breeding, cattle breeding, etc.