Neco 2019 Commerce Question 1

Practice essay / theory question 1 from the 2019 Neco Commerce examination. This question covers Definition of Commerce, Functions of Commerce, Trade vs. Commerce, Impact of Technology on Commerce .

Neco 2019 Commerce Essay / Theory

Topics: Definition of Commerce Functions of Commerce Trade vs. Commerce Impact of Technology on Commerce

Question 1 NECO • 2019 • COMMERCE • essay

Commerce is the activity that links producers and consumers through the exchange of goods and services. Using this context, answer the following:

Question Parts

( a )

Define commerce and explain its three main functions.

( b )

Distinguish between 'trade' and 'commerce' and give two examples of each.

( c )

Discuss how modern technology has transformed one of the functions of commerce, citing specific examples.

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About This Question

This is Neco 2019 Commerce Question 1. It is one of the essay questions from the 2019 Neco Commerce examination.

The question covers Definition of Commerce, Functions of Commerce, Trade vs. Commerce, Impact of Technology on Commerce .

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