O-LevelCommerceBusiness enterprise7100/12 · Oct/Nov 2019 · Q31 Mark

Which definition of trade is the most accurate?

Abuying and selling for profit

Bdistributing goods to markets

Cexchanging goods for other goods

Dimporting and exporting

✓ Correct answer

A: buying and selling for profit

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2019 Paper 1 Variant 2, question 3.

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