Nigerian Scholars » Past Questions » Commerce » From the diagram above, what does I stand for?

From the diagram above, what does I stand for?


Question

commerce-1

From the diagram above, what does stand for?

Options

A) Aids to trade

B) Publicity

C) Home trade

D) Advertising

Explanation:

The divisions of commerce are Trade and Aids to trade or ancillaries to trade. Aids to trade are the commercial activities which facilitate trade (buying and selling) i.e. they make trade possible. Aids to trade are banking, insurance, transport, advertising, warehousing, communication and tourism.


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Dicussion (1)

  • The divisions of commerce are Trade and Aids to trade or ancillaries to trade. Aids to trade are the commercial activities which facilitate trade (buying and selling) i.e. they make trade possible. Aids to trade are banking, insurance, transport, advertising, warehousing, communication and tourism.

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