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?

    <p>True</p> Signup and view all the answers

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

    <p>False</p> Signup and view all the answers

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

    <p>True</p> Signup and view all the answers

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