Commerce and Supply Chain Quiz

Small-scale unorganized system of activities for goods and services

Large-scale organized system of activities for services only

Large-scale organized system of activities for goods and services (correct)

Medium-scale organized system of activities for goods only

Diversity in natural resources, government regulations, division of labor, comparative advantage

Diversity in human needs, division of labor, comparative advantage, technological advancements

Diversity in human needs, government regulations, division of labor, comparative advantage

Diversity in natural resources, human needs, division of labor, comparative advantage (correct)

Exchange of services only between buyers and sellers for a price

Exchange of goods and services between buyers and sellers for free

Exchange of goods and services between buyers and sellers for a price (correct)

Exchange of goods only between buyers and sellers for a price

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

<p>Trade and aids to trade along the entire supply chain</p> Signup and view all the answers