JAMB Commerce Past Questions & Answers - Page 241

1,201.

The production process that combines two or more raw materials into one end product is

A.

conditioning

B.

blending

C.

merging

D.

synthesis

Correct answer is B

No explanation has been provided for this answer.

1,202.

The type of activity which turns processed raw materials into consumer and industrial goods is described as

A.

extractive

B.

manufacturing

C.

constructive

D.

constructive

Correct answer is B

No explanation has been provided for this answer.

1,203.

Commerce is defined as the study of how

A.

man utilizes the resources in his physical environment

B.

man produces, distributes and consumes his goods and services

C.

man buys, sells and distributes goods and services

D.

raw materials are changed into finished goods

Correct answer is C

Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. It is the activity of buying and selling, especially on a large scale.