What is trade?
AProduction of goods in a factory
BSale, transfer or exchange of goods
CExtraction of natural resources
DBreeding of plants for sale
Answer & Solution
Correct answer: B. Sale, transfer or exchange of goods
Trade is the sale, transfer or exchange of goods, whether physical or virtual.
Related questions
Which factor is most considered when choosing a location for an enterprise?What is the person who sets up a business called?Changes in competition, prices and technology are which cause of risk?Dishonesty or negligence of employees is which cause of business risk?Flood, earthquake and famine are which cause of business risk?A business dealing in fashionable items generally faces what degree of risk?Which statement about business risk is correct?Fire, theft and strike are examples of which type of risk?