Commerce Knowledge Challenge
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Questions and Answers

What are the principal factors that give rise to commercial exchanges?

  • Presence of commercial intermediaries and banking services
  • Availability of online marketplaces and advertising services
  • Differences of human needs and wants, and division of labour (correct)
  • Existence of transportation and packaging facilities

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

  • Communication and advertising
  • Transportation and packaging
  • Trade and aids to trade (correct)
  • Banking and financial services

    • What does trade encompass?

  • Transportation, packaging, and warehousing
  • Domestic trade, including retail and wholesale, and foreign trade (correct)
  • Communication, advertising, and insurance
  • Banking and financial services

    • What are aids to trade or auxiliary commercial activities?

    <p>Commercial intermediaries, banking and financial services, transportation, packaging, warehousing, communication, advertising, and insurance</p> Signup and view all the answers

    What is trade categorized into?

    <p>Domestic trade and foreign trade</p> Signup and view all the answers

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