WAEC Commerce 1993 Question 5

Question 5

Introduction to Commerce

Which of the following is not an aid to trade?

A.Transport
B.Production
C.Banking
D.Insurance
E.Warehousing

Show the answer and explanation

Answer: B (Production)

Explanation

Aids to trade are services that help buying and selling (transport, banking, insurance, warehousing, communication, advertising). Production is what trade serves.