Commerce and E-Commerce Basics
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Questions and Answers

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.

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

The word 'commerce' originated from the ______ language

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

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

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

The root 'merx' is related to ______ in Latin

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

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

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

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

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

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