Question 3
Introduction to CommerceInto which of the following two broad areas can trade be divided?
- A.home and foreign trade
- B.home and retail trade
- C.wholesale and retail trade
- D.foreign and wholesale trade
- E.imports and exports
Show the answer and explanation
Answer: A (home and foreign trade)
Explanation
Trade is either home (domestic) trade within a country or foreign (international) trade between countries.