Teaching Business Studies Introduction to Business Question Bank MCQ - Introduction to Business

  • question_answer
    Consider the following statement(s).
    I. All those activities which directly or indirectly helps in the distribution of goods to the ultimate consumer is called trade.
    II. Commerce embraces all those activities which are necessary for maintaining a free flow of goods and services.
    III. Commerce provides the necessary link between the producers and the consumers.
    Which of the statement(s) given above is/are correct?

    A) I and II 

    B) II and III

    C) I and III

    D)  All of these

    Correct Answer: B


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