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Which of the following are the components of commerce? I. trading and advertising II. warehousing and...

Commerce
JAMB 2020

Which of the following are the components of commerce?

I. trading and advertising
II. warehousing and transportation
III. packing and branding
IV. Insurance and banking

  • A. I and II
  • B. I,II and IV
  • C. II, III and IV
  • D. I and III
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Correct Answer: Option B
Explanation

The components of commerce are as follows;

1. Transport ·

2. Warehousing

3. Insurance

4. Banking  

5. Advertisement

6. Communication

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WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts