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Commerce Essentials
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Commerce Essentials

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Questions and Answers

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

  • Diversity in the distribution of natural resources (correct)
  • Technological advancements in transportation
  • Globalization of markets
  • High demand for goods and services

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

  • Manufacturing and production
  • Consumer feedback and market research
  • Government regulations and policies
  • Trade and aids to trade (correct)

    • What does trade involve in addition to the exchange of goods and services?

  • Exchange of labor and expertise
  • Exchange of currencies, commodities and securities (correct)
  • Exchange of intellectual property and patents
  • Exchange of environmental resources and sustainability practices

    • Which type of trade encompasses import, export and entrepôt/re-export trades?

    <p>Foreign trade</p> Signup and view all the answers

    What are examples of aids to trade or auxiliary commercial activities?

    <p>Banking and financial services</p> Signup and view all the answers

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