2025 3RD TERM MID TERM TEST ON BUSINESS STUDIES FOR JSS1

Welcome to your 2025 3RD TERM MID TERM TEST ON BUSINESS STUDIES FOR JSS1

1. Good or products which a country buys from another country are called....

2. The re-selling of imported goods by one country to another without transforming the goods in any way is referred to as.....

3. All these are products of foreign trade except

4. Any activity which involves the exchange of goods and services is called

5. A trader who buys in large quantities from the manufacturer and sells to the retailer is called.....

6. A ,,.,.,.retailer buys a variety of products from several manufacturers.

7. Buying and selling of goods and services within a country .

8. The final link in the distribution channel is .

9. Buying and selling between two or more countries is called....

10. Goods produced in one country for sale in another country is called....

Theory :Answer all

1. Name two divisions of commerce.

2. What is home trade?

3. Define the term commerce.

4. Draw the channel of distribution of goods

5. Define foreign trade and mention the three main types ordistributions in foreign trade

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