5 Questions
What is commerce?
The organized system of activities contributing to the distribution of goods and services
What are the principal factors giving rise to commercial exchanges?
Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour
What does commerce consist of?
Trade and aids to trade along the entire supply chain
How is trade categorized?
Into domestic trade, including retail and wholesale as well as local
What is the primary purpose of trade?
Exchange of goods and services between buyers and sellers in return for a price
Test your knowledge of commerce with this quiz! Explore topics such as supply chain management, marketing strategies, financial transactions, and more. Challenge yourself with questions on the fundamental principles and practices of commerce.
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