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WAEC Commerce 2016 Question 5

Question 5

Introduction to Commerce

The main concern of commerce is to

  1. A.create wealth.
  2. B.buy and sell goods and services.
  3. C.exchange and distribute goods and services.
  4. D.satisfy all human wants.
Show the answer and explanation

Answer: C (exchange and distribute goods and services.)

Explanation

Commerce is concerned with the exchange and distribution of goods and services from producers to consumers.