Commerce and Supply Chain Quiz
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Commerce and Supply Chain Quiz

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@UncomplicatedVolcano437

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Questions and Answers

What is commerce?

  • The transportation of goods from producers to consumers
  • The organized system of activities contributing to the distribution of goods and services (correct)
  • The process of manufacturing goods for sale
  • The exchange of goods and services for free
  • What are the principal factors that give rise to commercial exchanges?

  • Low cost of production
  • Abundance of financial institutions
  • Diversity in natural resources, differences of human needs and division of labour (correct)
  • High demand for goods and services
  • What does commerce consist of?

  • Financial transactions between businesses
  • Trade and aids to trade along the entire supply chain (correct)
  • Only domestic trade
  • Manufacturing and production processes
  • How is trade categorized?

    <p>Into domestic trade, including retail and wholesale as well as local</p> Signup and view all the answers

    What is trade in commerce?

    <p>The exchange of goods and services between buyers and sellers for a price at marketplaces</p> Signup and view all the answers

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