WAEC Commerce 2020 Objective — Question 1
Question 1 of 50 from the West African Examinations Council (WAEC) Commerce 2020 Objective paper, with the correct answer and a full explanation.
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Commerce is defined as
- A. buying and selling of goods and services only
- B. all activities in the distribution and exchange of goods and servicesCorrect
- C. all activities involved in the production of goods and services
- D. transporting and warehousing of goods only
Explanation
Commerce is trade and aids to trade. It involves all activities that deal with distribution and exchange of goods and services.
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