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WAEC Commerce 2011 Question 37

Question 37

Introduction to Commerce

Use the diagram (Production divided into X, Commerce and Direct Services; Commerce divided into Y and U; Y divided into Banking & Finance, Z, Insurance, Advertising, Transport and Communication) to answer the question. The box marked 'X' stands for

Diagram for this question
  1. A.Indirect services.
  2. B.Industry.
  3. C.Occupation.
  4. D.Aids to trade.
Show the answer and explanation

Answer: B (Industry.)

Explanation

Production is divided into industry, commerce and direct services, so X is industry.