Question

which has largest scope option A trade option B commerce option C industry option D business

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Answer 1

Answer:

The correct option is B) Commerce

Explanation:

1. Since modern business has been so big, the term "scope of commerce" also refers to its covering.
2. It includes the study of all actions involved in getting commodities and services from producers to consumers (distribution).
3. Because there are so many areas in which we might work or use our talents, commerce has the broadest reach.
4. The role that trade and trade-related aids, banks and insurance businesses, as well as transportation and advertising agencies, have played in expanding the scope of commerce is included.

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Answer 2

D. Business has the largest scope.

Explanation for the answer:

• Commerce and business are the two terms which sounds to be similar, but actually they are differ from one another.
• Business is a wider term than Commerce.
• The scope of commerce is narrower than business.
• Scope of commerce includes the role of trade and various aids to trade, banks and insurance companies; transport and advertising agencies and is the part of the business.
• Business includes not only commerce but also various activities such as collaboration with partners etc.
• So, we can say that the Commerce is a subset of the business.
• Hence, the correct answer among all the options is option D. Business.

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