Which of the following is correct? A. Trade is a part of industry B. Commerce is a part of trade C. Commerce is a part of business D. Industry is a part of commerce

The correct answer is: C. Commerce is a part of business.

Commerce is the activity of buying and selling goods and services. It is a subset of business, which is the broader term for all activities related to the production and sale of goods and services. Industry is a subset of commerce, and refers to the production of goods.

Here is a more detailed explanation of each option:

• A. Trade is a part of industry. This is incorrect. Trade is the activity of buying and selling goods and services, while industry is the production of goods. Trade
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  is a subset of commerce, which is the broader term for all activities related to the production and sale of goods and services.
• B. Commerce is a part of trade. This is incorrect. Commerce is the activity of buying and selling goods and services, while trade is a subset of commerce.
• C. Commerce is a part of business. This is correct. Commerce is the activity of buying
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  and selling goods and services, and business is the broader term for all activities related to the production and sale of goods and services.
• D. Industry is a part of commerce. This is incorrect. Industry is the production of goods, while commerce is the activity of buying and selling goods and services.