Question 2
Introduction to CommerceWhich of the following statements is not true?
- A.Commercial services are the life blood of a country's economic system
- B.There cannot occur commercial services until goods have been produced
- C.Without commercial services most goods and services will not be produced
- D.There is no stage of production that does not employ commercial services
- E.Commercial services add to the value of a product.
Show the answer and explanation
Answer: B (There cannot occur commercial services until goods have been produced)
Explanation
Commercial services such as banking, insurance and transport are needed before and during production, not only after goods are made.