The buying and selling of goods and services is referred to as

Assessment: JAMB UTME - Commerce - 2016 Subject: Commerce

Question 1 Report

The buying and selling of goods and services is referred to as
Answer Details
The buying and selling of goods and services is referred to as "trading". Trading refers to the exchange of goods and services between buyers and sellers. This can happen between individuals, businesses, or even between countries. The goal of trading is to acquire goods and services that we need or want, and to sell the goods and services that we no longer need or that we produce ourselves. The exchange of goods and services is done in exchange for money, or for other goods and services.

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