WAEC Commerce 1996 Theory question 105

Any five, each explained: transport – moves goods from producers to consumers, creating place utility and widening the market; communication – passes information between buyers and sellers, speeding up orders and payments; banking – provides safe keeping of money, means of payment (cheques, transfers) and loans/credit; insurance – protects traders against risks such as fire, theft and loss at sea, and encourages investment; warehousing – stores goods until needed, creating time utility and steadying prices; advertising – informs and persuades consumers, creating demand; also tourism and (for some books) middlemen/agents.

Name the aid and say how it helps the flow of goods from producer to consumer.