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Commerce and Supply Chain Quiz

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Questions and Answers

What is the principal factor that gives rise to commercial exchanges?

Technological advancements

Diversity in the distribution of natural resources (correct)

High demand for goods and services

Government regulations

What does commerce consist of, along the entire supply chain?

Financial services

Trade and aids to trade (correct)

Marketing and advertising

Logistics and transportation

What is trade categorized into?

Local trade and global trade

Domestic trade and international trade (correct)

Retail trade and e-commerce

Wholesale trade and manufacturing

What is the primary purpose of trade at marketplaces?

<p>Exchange of goods and services between buyers and sellers for a price</p> Signup and view all the answers

What does commerce contribute to within economies?

<p>Smooth and unhindered distribution and transfer of goods and services</p> Signup and view all the answers

Commerce and Supply Chain Quiz

Choose a study mode

Podcast

Questions and Answers

What is the principal factor that gives rise to commercial exchanges?

What does commerce consist of, along the entire supply chain?

What is trade categorized into?

What is the primary purpose of trade at marketplaces?

What does commerce contribute to within economies?

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