Commerce JAMB

The function of commerce in relation to production is ______?

A. helping in the extraction of raw material from nature
B. providing a link between the different stage of conversion of good
C. yielding result
D. satisfying

Correct Answer:

Option D – satisfying

Explanation

Options A, B and C are placed under the types of production. When extraction has been made and a desired result attained, without getting the yielded results to the final consumer and without satisfying human wants, the function of commerce has not been actualized. Hence, production is said to be complete when the transferred raw materials have met its aim of satisfying human wants

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