Home » Commerce is defined as the study of how

Commerce is defined as the study of how

Commerce is defined as the study of how

  • A.
    man utilizes the resources in his physical environment
  • B.
    man produces, distributes and consumes his goods and services
  • C.
    man buys, sells and distributes goods and services
  • D.
    raw materials are changed into finished goods
Correct Answer: Option C
Explanation

Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. It is the activity of buying and selling, especially on a large scale.