Question 4
Question 4 of 40
Question image for Q4
You can solve this MCQ to see its answer, but your attempt won't be logged unless you login
No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct
Topics Tested
1. Commerce and productio...
1.2.6. Costs involved in trade, com...

identifying the different types of costs used in trade, commerce and production: advertising, bank charges, commission, customs duties, inventory, labour, packaging, transport, utilities and warehousing

1. Commerce and productio...
1.1.4. The relationship between pro...

understand how production, trade and commerce are interdependent

1. Commerce and productio...
1.1.3. Types of commerce

the meaning of traditional commerce: buying and selling goods and/or services at a physical location