Question

CHOOSE THE CORRECT MEANING and WRITE ONE SENTENCE on your own

using the word.
(i) Trade

a. exchange of goods

b. buying and selling

c. money transaction

(ii) Business

a. one‘s regular occupation, profession or trade

b. employment

c. warehouse

(iii) Consumer

a. one who takes medicine

b. a costume designer

c. a person who uses a product

(iv) Insurance

a. a bank transaction

b. a sum paid to compensate when there is fire, theft, damage or loss

c. life support

(v) Manufacture

a. the making of articles especially in a factory

b. a man working in a factory

c. manual work​

Answer 1

Explanation:

• (i) Trade
• b. buying and selling
• (ii) Business
• a. one‘s regular occupation, profession or trade
• (iii) Consumer
• c. a person who uses a product
• (iv) Insurance
• a. a bank transaction
• (v) Manufacture
• a. the making of articles especially in a factory

Answer 2

The answers are as follows:

i. b. buying and selling

• Trade refers to the profession or occupation where goods are bought and sold to earn money.

ii. a. one's regular occupation, profession, or trade

• Business refers to the occupation that includes the production and selling of goods and services to earn money.

iii. c. a person who uses a product

• In economic terms, a consumer is someone who consumes or utilizes a product or service.

iv. b. a sum paid to compensate when there is fire, theft, damage, or loss

• Insurance is the amount of money that is saved and compensated by a company for our losses and damages.

v. a. the making of articles especially in a factory

• Manufacture is a synonym of production. It is the making of goods and products.