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Commerce is defined as the study of how

Commerce is defined as the study of how
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • 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:
Commerce refers to the activities involved in the buying, selling and distribution of goods and services. It covers the activities that facilitate the exchange and movement of goods and services from producers to consumers. Therefore, commerce is concerned with buying, selling and distributing goods and services.

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