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Questions and Answers
What does commerce consist of?
What does commerce consist of?
- Financial investments and stock trading
- Manufacturing and production processes
- Consumer behavior and market research
- Trade and aids to trade along the entire supply chain (correct)
What are the principal factors that give rise to commercial exchanges?
What are the principal factors that give rise to commercial exchanges?
- Government regulations, consumer demand, and technological advancements
- Marketing strategies, supply chain management, and product innovation
- Globalization, international treaties, and economic sanctions
- Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)
What does trade involve?
What does trade involve?
- Distribution of goods and services through government programs
- Promotion of goods and services through advertising and marketing campaigns
- Exchange of goods and services between buyers and sellers in return for a price at traditional or online marketplaces (correct)
- Bartering system between individuals within local communities
What are aids to trade or auxiliary commercial activities?
What are aids to trade or auxiliary commercial activities?
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What is foreign trade encompassing?
What is foreign trade encompassing?
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