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WAEC Commerce 2013 Question 10

Question 10

Introduction to Commerce

Which of the following is the function of commerce?

  1. A.The conversion of raw materials into semi-finished products.
  2. B.The conversion of semi-finished products into end products.
  3. C.Provision of services to customers.
  4. D.The exchange and distribution of goods and services.
Show the answer and explanation

Answer: D (The exchange and distribution of goods and services.)

Explanation

Commerce deals with the exchange and distribution of goods and services.