Which of the following groups of activities are commercial services

Assessment: WAEC SSCE - Commerce - 2006 (Objective) Subject: Commerce

Question 1 Report

Which of the following groups of activities are commercial services
Answer Details
The group of activities that are commercial services are vending, purchasing, and banking. Vending refers to the act of selling goods, typically in a retail setting. Purchasing involves the act of buying goods or services for resale or for use in the production of goods or services. Finally, banking involves the provision of financial services such as deposit accounts, loans, and payment services. All of these activities involve the exchange of goods or money for profit, making them commercial services. The other groups of activities listed involve either the production of goods (manufacturing, weaving, farming, harvesting, fishing, constructing) or the storage and promotion of those goods (storing and advertising), but they do not necessarily involve the exchange of goods or money for profit in the same way that vending, purchasing, and banking do.

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