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JAMB Commerce 2003 Question 10

Question 10

Introduction to Commerce

The concept that refers to the sale, transfer or exchange of goods and services is

  1. A.industry
  2. B.trade
  3. C.tariff
  4. D.marketing
Show the answer and explanation

Answer: B (trade)

Explanation

Trade means buying and selling, that is, the sale, transfer or exchange of goods and services.