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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