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Questions and Answers
What are the principal factors that give rise to commercial exchanges?
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?
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?
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?
What are aids to trade or auxiliary commercial activities?
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What is trade categorized into?
What is trade categorized into?
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