What is a mercantile?

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Merchant association

Business enterprise

Merchant laws

All of the above

answer is B.

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Detailed Solution

Mercantile is a bussiness enterprise.
A mercantile business generally makes money through trade by acquiring items at a reduced price and reselling them for a profit. Queen Elizabeth I of England issued the East India Company a charter in 1600, giving it the exclusive right to conduct business with the East. The Company did not have to worry about competition from other English trading companies. In those days, mercantile trading firms largely gained money by excluding rivals so they could purchase cheap and sell expensive.

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