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WAEC Commerce 2009 Question 42

Question 42

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. What does 'V' represent in the diagram?

Diagram for this question
  1. A.Trade
  2. B.Home trade
  3. C.Retail trade
  4. D.Commerce
Show the answer and explanation

Answer: C (Retail trade)

Explanation

Home trade divides into wholesale and retail trade, so V is retail trade.