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The creation of goods and services to satisfy human wants is referred to as?

Commerce
JAMB 2011

The creation of goods and services to satisfy human wants is referred to as?

  • A. manufacturing
  • B. commercialization
  • C. production
  • D. entrepreneurship
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Correct Answer: Option C
Explanation

Production is the organised activity of transforming resources into finished products in the form of goods and services


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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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JAMB CBT 2025 - Candidates, Schools, Centres, Resellers - Get Ready!
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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