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Wednesday, 11 November 2026
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Commerce is defined as

Commerce is defined as
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Buying and selling of goods and services only
  • B All activities in the distribution and exchange of goods and services
  • C All activities involved in the production of goods and services
  • D Transporting and warehousing of goods only
Correct Answer: Option B
Explanation:
Commerce covers the activities involved in the distribution and exchange of goods and services. It includes trade and the various aids to trade, such as transport, banking, insurance, warehousing and communication.

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