If a business uses part of its profit to develop the area wh…

JAMB Commerce 2023 48 views

If a business uses part of its profit to develop the area where it operates, the business is fulfilling its

  1. economic responsibilities
  2. marketing responsibilities
  3. social responsibilities ✓
  4. managerial responsibilities

Explanation

This answer correctly describes the business or trade concept. Commerce deals with buying, selling, and business operations.

The other options relate to different aspects of business or trade. They aren’t the best answer here.

Understanding this helps you grasp how businesses operate and how trade happens.

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