Commerce Fundamentals Quiz

Globalization, urbanization, and industrialization

Government regulations, international treaties, and cultural diversity

High demand for goods and services, technological advancements, and economic stability

Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)

Trade and aids to trade along the entire supply chain (correct)

Manufacturing and distribution of goods

Financial transactions and stock market activities

Import and export regulations

Bilateral trade agreements and multilateral trade agreements

E-commerce and brick-and-mortar stores

Domestic trade, including retail and wholesale as well as local (correct)

International trade only

<p>Exchange of goods and services between buyers and sellers in return for a price at traditional (or online) marketplaces</p> Signup and view all the answers

<p>Smooth, unhindered distribution and transfer of goods and services on a substantial scale and at the right time, place, quantity, quality and price</p> Signup and view all the answers