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WAEC Commerce 2000 Question 1

Question 1

Introduction to Commerce

Which of the following can be defined as trade and aids to trade?

  1. A.Advertising
  2. B.Commerce
  3. C.Wholesaling
  4. D.Retailing
Show the answer and explanation

Answer: B (Commerce)

Explanation

Commerce is made up of trade (buying and selling) and the aids to trade such as banking, transport and insurance.