The process of buying, selling and distribution of goods and services is
COMMERCE
WAEC 2016
The process of buying, selling and distribution of goods and services is
- A. retail trade
- B. commerce
- C. marketing
- D. marketing concept
Correct Answer: B. commerce
Explanation
Commerce relates to the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.
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