Commerce 2009 Jamb Examination

The ultimate goal of commercial activities is the exchange of goods and services, which is trading. Therefore the correct option is C.

Advertisement is a form of communication that informs and persuades customers about products and services. Therefore the correct option is A.

A textile worker transforms raw materials such as cotton into finished goods. This is a form of manufacturing. Therefore the correct option is C.

The basic resources needed to produce goods and services are known as factors of production. Therefore the correct option is A.

Primary production deals with extraction of raw materials from nature, such as agriculture, mining, and fishing. Therefore the correct option is C.

Modern retailing involves organized activities such as branding, use of supermarkets, and offering after-sales services. Therefore the correct option is D.

Chain stores are retail outlets with common ownership and similar practices, combining features of multiple shops and departmental stores. Therefore the correct option is A.

A wholesaler serves as a middleman and helps promote sales by distributing goods to retailers. Therefore the correct option is C.

Artificial barriers are man-made restrictions such as tariffs, quotas, and customs duties. Therefore the correct option is D.

The key commercial documents in daily transactions include order notes, debit notes, invoices, and quotations. Therefore the correct option is A.