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Commerce includes two types of activities _______________
  • a)
    Profession and Employment
  • b)
    Trade and Auxiliaries to trade
  • c)
    Banking and finance
  • d)
    None of these
Correct answer is option 'B'. Can you explain this answer?
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Commerce includes two types of activities _______________a)Profession ...
Commerce includes two types of activities:
  • Trade- Trade involves buying and selling of goods. It helps in making goods available for customers to buy. Producers cannot sell their produce to individual buyers hence businessman works as a middleman between them. Trade is of two types: Internal Trade and External Trade.
  • Auxiliaries to trade- These are activities which supports trading. Transport, banking, insurance, warehousing, and advertising are regarded as auxiliaries to trade. These are generally known as services. They remove any hurdles that are faced during any trading activities. For example banking provides finance to the tradesman. 
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Commerce includes two types of activities _______________a)Profession ...
Yes B is correct commerce include two types of act
ivities.trade and auxiliaries to 
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Commerce includes two types of activities _______________a)Profession and Employmentb)Trade and Auxiliaries to tradec)Banking and financed)None of theseCorrect answer is option 'B'. Can you explain this answer?
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