O-LevelCommerceBusiness enterprise7100/11 · Oct/Nov 2011 · Q31 Mark

What is trade?

Abuying and selling goods and services for profit

Bchanging natural resources into usable goods

Cproducing and distributing goods and services

Dproviding consumers with goods and services

✓ Correct answer

A: buying and selling goods and services for profit

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Topic: Business enterprise, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source: O-Level Commerce, Oct/Nov 2011 Paper 1 Variant 1, question 3.

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