Accounting JAMB

Mrs. Okoro who lives in the riverine community of Rivers State makes her living through crabbing and fishing. This type of occupation is?

A. commercial
B. manufacturing
C. service
D. Extractive

Correct Answer:

Option A – commercial

Explanation

Commercial farming occurs when a farm is set up for the sole purpose of producing crops and farm animals for sale, with the sole intention of making a profit. Commercial farms are often larger than regular family farms because economies of scale are richly sought after due to the immense competition involved.

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