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WAEC Commerce 2011 Question 39

Question 39

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 'Z' stands for

Diagram for this question
  1. A.Warehousing.
  2. B.Home trade.
  3. C.Foreign trade.
  4. D.Marketing.
Show the answer and explanation

Answer: A (Warehousing.)

Explanation

The missing aid to trade among banking, insurance, advertising, transport and communication is warehousing.