Question

Discuss five ways in which communication enhances trading activities

Answer 1

1. Enable giving and receiving of information- this is between various parties such as a firm and outsiders
2. Enhancing public relations- this enhace the firms to create a positive image to the public
3. Helps Cordination of departments –enables good linkage of activities in all departments
4. Ways of giving reassurance – sometimes the seniors may appreciate their juniors
5. Confirmation of arrangements –arrangements on meeting and conferences can easily be confirmed
6. For giving instructions – Management can get work done by giving procedure and orders
7. Giving feedback
8. A way of influencing and starting action
9. Enhance clarification of issues