Commerce JAMB preparation by Habgold

Commerce is the process

• buying and selling

• Exchange and distribution of product

• Goods and service

• Distribution

Commerce focus on

• buying and selling

• Exchange and distribution of product

• Goods and service

• Production and consumption

____ helps in bearing a risk of business

• Communication

• Entrepreneur

• Insurance

• Transportation

Trade is the process

• buying and selling of goods and service

• Exchange and distribution of product

• Goods and service

• Distribution

The following are auxiliary to trade

• Communication

• Insurance

• Banking

• Distribution

Who is a middlemen

• Wholesaler

• Retailer

• Wholesaler and Retailer

• Retailer and consumer

Trade is divided into_____ trade

• Wholesaler and import

• Import and export

• Wholesaler and Retailer

• Home and foreign

Who is a middlemen

• Wholesaler

• Retailer

• Wholesaler and Retailer

• Retailer and consumer

Trade is the process

• buying and selling of goods and service

• Exchange and distribution of product

• Goods and service

• Distribution

A service is

• Car

• Assets

• Intangible goods

• Goods