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Commerce and Distribution Systems

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Questions and Answers

What are the principal factors that give rise to commercial exchanges?

Government regulations, international treaties, and market competition

Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)

High demand for goods and services, availability of capital, and technological advancements

Globalization, urbanization, and industrialization

What does commerce consist of?

Legal regulations and compliance standards

Trade and aids to trade along the entire supply chain (correct)

Consumer feedback and market research

Manufacturing and production processes

What does trade involve apart from the exchange of goods and services?

Investment in infrastructure and technological development

Exchange of currencies, commodities, and securities in specialized exchange markets (correct)

Social responsibility initiatives and community engagement

Environmental sustainability practices and carbon footprint reduction

What are examples of aids to trade or auxiliary commercial activities?

<p>Banking and financial services, transportation, packaging, warehousing, communication, advertising, and insurance</p> Signup and view all the answers