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JAMB Commerce 2002 Question 4

Question 4

Introduction to Commerce

Which of the following best describes the scope of commerce?

  1. A.All forms of commercial exchanges and the manufacturing industry
  2. B.Buying and selling and the construction industry
  3. C.All occupational exchanges relating to industries and commercial activities
  4. D.Buying and selling as well as the extraction of natural resources.
Show the answer and explanation

Answer: C (All occupational exchanges relating to industries and commercial activities)

Explanation

Commerce covers trade and the aids to trade, that is, all exchanges linking industry to consumers.