A term embracing buying, selling and distributing of goods and services is known as?

Assessment: WAEC SSCE - Commerce - 1992 (Objective) Subject: Commerce

Question 1 Report

A term embracing buying, selling and distributing of goods and services is known as?
Answer Details
The term that embraces buying, selling, and distributing of goods and services is called "commerce." It involves all the activities necessary to move products from the point of production to the point of consumption, including buying, selling, transporting, storing, financing, and promoting goods and services. Commerce encompasses both wholesale and retail trade and plays a vital role in the economy of any country.
Read lesson note on Commerce (JAMB)
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