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Commerce is defined as the study of how

JAMB 1994

Commerce is defined as the study of how

  • A. man utilizes the resources in his physical environment
  • B. man produces, distributes and consumes his goods and services
  • C. man buys, sells and distributes goods and services
  • D. raw materials are changed into finished goods
Correct Answer: Option C
Explanation

Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. It is the activity of buying and selling, especially on a large scale. 


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