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Commerce and Business Essentials Quiz

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Questions and Answers

Which of the following is NOT a key concept in commerce and business?

Customer satisfaction (correct)

Competition and market share

Supply and demand

Profit and loss

What is the main purpose of commerce and business?

To create employment opportunities

To provide goods and services (correct)

To promote economic growth

To generate revenue for the government

Which of the following is an example of a business transaction?

Reading a book

Going for a walk in the park

Attending a concert

Buying groceries at a supermarket (correct)

True or false: Commerce and business refer to the same thing?

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True or false: Commerce is the exchange of goods and services between businesses?

False Signup and view all the answers

True or false: Business is the process of producing, buying, and selling goods and services for profit?

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Commerce and Business Essentials Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is NOT a key concept in commerce and business?

What is the main purpose of commerce and business?

Which of the following is an example of a business transaction?

True or false: Commerce and business refer to the same thing?

True or false: Commerce is the exchange of goods and services between businesses?

True or false: Business is the process of producing, buying, and selling goods and services for profit?

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