The aid to trade which enables producer and consumer to transact business without physical contact is known as

Source: JAMB · 2024

The aid to trade which enables producer and consumer to transact business without physical contact is known as

  1. advertising
  2. communication ✓
  3. insurance
  4. tourism
Explanation

Communication allows buyers and sellers to do business without meeting in person. They use phones, email and internet.

Advertising tells people about products. Insurance protects against losses. Tourism involves travel.

Without communication, trade across distances would be impossible.

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