Commerce Knowledge Quiz

The system of transporting goods from producers to consumers

The process of selling goods and services

The organized system contributing to the distribution of goods and services (correct)

The system of production and consumption of goods and services

Diversity in natural resources, differences in human needs, and division of labor (correct)

Economic growth, globalization, and market competition

Government regulations, taxation, and international trade agreements

Availability of goods and services, demand from consumers, and technological advancements

Marketing and advertising activities

Financial transactions and investments

Production and consumption of goods and services

Trade and aids to trade along the entire supply chain (correct)

<p>Domestic trade, including retail and wholesale as well as local</p> Signup and view all the answers

<p>Exchange of goods and services between buyers and sellers for a price</p> Signup and view all the answers