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WAEC Commerce 2009 Question 41

Question 41

Introduction to Commerce

Use the diagram (Trade divided into P and Foreign Trade; P divided into U and V; Foreign Trade divided into W, X and Y) to answer the question. "P" in the diagram above represents

Diagram for this question
  1. A.commerce
  2. B.home trade
  3. C.wholesale trade
  4. D.entrepot trade
Show the answer and explanation

Answer: B (home trade)

Explanation

Trade is divided into home trade and foreign trade; P stands beside foreign trade, so it is home trade.