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Questions and Answers
What is the principal factor that gives rise to commercial exchanges?
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?
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?
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?
What is the primary purpose of trade at marketplaces?
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What does commerce contribute to within economies?
What does commerce contribute to within economies?
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