Commerce Knowledge Challenge Quiz

• High demand for goods and services, availability of financial resources, and technological advancements
• Government regulations, international agreements, and market competition
• Globalization, urbanization, and digitalization
• Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)

• Consumer preferences and buying behavior
• Government regulations and policies
• Aids to trade or auxiliary commercial activities (correct)
• Technological advancements and innovation

• Trade of commodities and securities in specialized exchange markets
• Domestic retail and wholesale transactions
• Import, export, and entrepôt/re-export trades (correct)
• Local and regional trade

<p>Retail and wholesale as well as local, regional and inter-regional transactions (A)</p> Signup and view all the answers

<p>Banking and financial services, transportation, packaging, warehousing, communication, advertising, and insurance (B)</p> Signup and view all the answers