Question

What does the term 'commerce' mainly refer to?

• A. Production of goods
• B. Distribution of goods
• C. Agricultural activities
• D. Manufacturing of goods

Answer 1

Answer:

B. Distribution of goods

• Trade: This involves the buying and selling of goods and services, forming the core of commerce. It can be domestic (within a country) or international (between countries). • Auxiliaries to Trade (Aids to Commerce): These are activities that support and facilitate trade. They are essential for the smooth flow of goods from producers to consumers.