The ancillary to trade which ensures that people have access to information pertaining to goods is

Assessment: WAEC SSCE - Commerce - 2013 (Objective) Subject: Commerce

Question 1 Report

The ancillary to trade which ensures that people have access to information pertaining to goods is

Answer Details
The ancillary to trade which ensures that people have access to information pertaining to goods is advertising. Advertising is a communication tool used by businesses to promote their products and services to potential customers. It provides information about the features, benefits, and prices of goods and services to potential customers, and helps to create demand for those products. Advertising can take many forms, including print ads, television commercials, online ads, billboards, and more. Through advertising, businesses can reach a large audience of potential customers, inform them about their products, and persuade them to make a purchase. Insurance, warehousing, and banking are other ancillaries to trade, but they do not have a direct role in ensuring that people have access to information about goods. Insurance is a risk management tool that protects businesses and individuals from financial loss due to unexpected events, while warehousing provides storage facilities for goods and banking provides financial services such as loans and payments. In summary, advertising is the ancillary to trade that ensures people have access to information pertaining to goods by providing information about the features, benefits, and prices of products and services to potential customers, and creating demand for those products.

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