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Questions and Answers
Which of the following is NOT a key concept in commerce and business?
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?
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?
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?
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?
True or false: Commerce is the exchange of goods and services between businesses?
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True or false: Business is the process of producing, buying, and selling goods and services for profit?
True or false: Business is the process of producing, buying, and selling goods and services for profit?
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