JAMB Commerce Past Questions & Answers - Page 110

The factors of production are resources that people use to produce goods and services. They include land, labor, capital, and entrepreneurship.

Textile Workers perform routine tasks in fabric and textile factories, such as cutting canvas, upholstery and curtain fabrics, delivering materials to machines, etc. They are grouped under the manufacturing industry.

Communication as an aid to trade helps in the passing of information from one person to another. Buying and selling goods requires communication between two or more persons. 

Communication works hand-in-hand with advertisement which is the creating of awareness about the existence of new and old goods.

In commerce, commercial activities involve the production of goods and provision of services. Commercial activities are mainly centered around buying and selling. It includes selling goods, services, food, or materials.

MS Excel uses a collection of cells arranged into rows and columns to organize and manipulate financial or arithmetic data. It is typically used to organize data and perform financial analysis. It is used across all business functions and at companies from small to large.