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GCE Commerce 1990 Question 1

Question 1

Introduction to Commerce

The major divisions of Commerce are

  1. A.import, export and transport
  2. B.trade, communication and warehousing
  3. C.trade and auxiliaries to trade
  4. D.exchange, consumption and production
  5. E.import, trade and production
Show the answer and explanation

Answer: C (trade and auxiliaries to trade)

Explanation

Commerce is divided into trade (buying and selling) and the aids or auxiliaries to trade.