1. Sudhir is planning to set up a book store in a popular complex in Lucknow. His prime idea of promoting this business is to reinstate the diminishing reading habit among the people of
all age groups. The publication of books usually take place in particular locations. Besides,
he also needs communication facilities so as to enable publishers, traders and consumers
exchange information with one another. He is planning to take a loan of Rs.2,00,000 from
bank for his business. Moreover, he will be using facilities of cheque payments, online
payment etc. for various transactions. Considering the fact that his business involves
various types of risk and must be protected against fire, theft and other risks. Also,
material and goods kept in stock or in transit or subject to the risk of loss or damage. At the
same time, employees are also required to be protected against the risk of accident and
occupational hazards. Further more, he needs to inform and persuade the target market
about his business So as to promote his business.
In context of the above case:
(5)
(a) Identify the different auxiliaries to trade which Sudhir will require by quoting the
relevant lines.
(5)
(b) Also, mention the type of utility created by each of these auxiliaries to trade as identified
in part a of the question.