The scope of commerce is limited to?

Assessment: WAEC SSCE - Commerce - 2003 (Objective) Subject: Commerce

Question 1 Report

The scope of commerce is limited to?
Answer Details
Commerce refers to the exchange of goods and services for the purpose of earning a profit. Its scope is not limited to any particular type of trade, but rather encompasses all activities related to trade, including buying and selling of goods and services, aids to trade such as transportation and warehousing, and the study of market trends and consumer behavior. Therefore, the correct option from the given choices is "trade and aids to trade."
Read lesson note on Purchase And Sale Of Goods (JAMB)
Read lesson note on Commerce (JAMB)
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