Which of the following is one of the functions of commerce?

Assessment: WAEC SSCE - Commerce - 1990 (Objective) Subject: Commerce

Question 1 Report

Which of the following is one of the functions of commerce?
Answer Details
One of the functions of commerce is the storage of goods. This refers to the practice of keeping products in a warehouse or other storage facility until they are needed for sale or distribution. Storage is an essential function of commerce because it allows businesses to maintain a steady supply of products to meet customer demand. It also helps to prevent shortages or overstocking, which can lead to lost sales and revenue. In addition to storage, other functions of commerce include buying and selling goods and services, financing, transportation, and marketing.
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