Which of the following involves foreign trade ?

Assessment: JAMB UTME - Commerce - 2002 Subject: Commerce

Question 1 Report

Which of the following involves foreign trade ?
Answer Details
The question is asking which option involves foreign trade among the four options given. The answer is most likely commodity markets. Commodity markets are physical or virtual marketplaces where traders buy and sell raw materials and primary products such as metals, agricultural products, and energy. These markets can involve domestic or international trade and are often used for foreign trade and exchange of goods between countries. Supermarkets, chain stores, and departmental stores are retail businesses that sell finished consumer goods to the general public. While these types of stores may sell products that are imported or exported, they are not directly involved in foreign trade.

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