Commerce and E-Commerce Basics

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9 Questions

Commerce is limited to the exchange of goods between businesses only.

False

Commerce is the same as trade among economic agents.

True

Commerce is a sector of trade that deals with the exchange of goods and services from consumer to manufacturer.

False

Commerce involves the exchange of goods, services, or something of value between entities, and it can also have a social aspect.

True

The word 'commerce' originated from the ______ language

FRENCH

The Latin word 'commercium' is related to ______ and trading

trade

The root 'merx' is related to ______ in Latin

trade

The term 'commerce' was borrowed from ______ in the mid-16th century

LATIN

The prefix 'com-' in the word 'commerce' means ______ together

mid

Test your knowledge of commerce and e-commerce concepts, including the definition of commerce, its activities, and the exchange of goods and services. Learn about the social dealings between people and the sector of trade or production that deals with exchange from manufacturer to consumer.

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