The major division of commerce are?
-
A.
import, export and transportation -
B.
trade, communication and warehouse -
C.
import, trade and production -
D.
trade and auxiliaries to trade
Correct Answer: Option D
Explanation
The branches of commerce comprise two fundamental categories: trade and aids to trade.
Trade is the process of buying and selling goods and services through the use of some medium of exchange.
Auxiliaries or Aids to Trade are the activities which are necessary for smooth flow of goods from producers to consumers. These activities facilitate trade by removing various barriers in the buying and selling of goods.