O-LevelCommerceBusiness enterprise7100/11 · Oct/Nov 2018 · Q31 Mark

What is the purpose of trade?

Ato buy and sell goods and services for profit

Bto convert raw materials into finished goods

Cto distribute surplus goods from producer to consumers

Dto provide goods to satisfy human wants

✓ Correct answer

A: to buy and sell goods and services for profit

Oracle Prep sorts past-paper questions by topic, so you can drill Business enterprise and see which topics are most likely to come up next.

Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 3.

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