Commerce Concepts Quiz

The production of goods and services

The management of financial transactions

The extraction of natural resources

The organized system contributing to the distribution of goods and services (correct)

Globalization and international treaties

Technological advancements and market demand

Diversity in natural resources, differences in human needs, division of labour, and comparative advantage (correct)

Government regulations and taxation policies

Transportation of goods from producers to consumers

Creation of new products and services

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

Regulation of commercial activities

<p>Retail and wholesale trade within a country</p> Signup and view all the answers

<p>To ensure the smooth distribution and transfer of goods and services</p> Signup and view all the answers