an example of an invisible item of trade is?
COMMERCE
WAEC 2017
an example of an invisible item of trade is?
- A. oil
- B. shipping
- C. machinery
- D. textile
Correct Answer: B. shipping
Explanation
Invisible Trade '. An invisible trade is a business transaction that occurs with no exchange of tangible goods. An invisible trade involves the transfer of non-tangible goods and/or services, such as customer service, intellectual property and patents. The items involved in an invisible trade are associated with a value and can be exchanged for tangible goods.
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