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GCE Commerce 1989 Question 6

Question 6

Introduction to Commerce

The process of buying, selling and distribution of goods and services is known as

  1. A.retail trade
  2. B.commerce
  3. C.marketing concept
  4. D.marketing mix
  5. E.wholesale trade
Show the answer and explanation

Answer: B (commerce)

Explanation

Commerce covers buying and selling (trade) and all the services that help distribute goods.