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WAEC Commerce 2008 Question 1

Question 1

Introduction to Commerce

Commerce can be defined as the

  1. A.exchange of goods and services
  2. B.distribution and exchange of goods and services
  3. C.distribution of services at home
  4. D.export of services.
Show the answer and explanation

Answer: B (distribution and exchange of goods and services)

Explanation

Commerce covers both the distribution and the exchange of goods and services.