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WAEC Commerce 2026 Question 1

Question 1

Introduction to Commerce

The major divisions of commerce are

  1. A.trade and warehousing
  2. B.trade and auxiliaries to trade
  3. C.production and trade
  4. D.import and export
Show the answer and explanation

Answer: B (trade and auxiliaries to trade)

Explanation

Commerce has two main branches: trade (home and foreign) and aids to trade (banking, insurance, transport, warehousing, communication, advertising).