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WAEC Commerce 1993 Question 1

Question 1

Introduction to Commerce

The function of commerce in production is that it

  1. A.helps in the extraction of raw materials
  2. B.provides a link between the different arms of production
  3. C.is the only branch that satisfies wants
  4. D.yields results
  5. E.changes raw materials to finished goods
Show the answer and explanation

Answer: B (provides a link between the different arms of production)

Explanation

Commerce links extraction, manufacturing and consumers by moving goods from one stage of production to the next.