Commerce Knowledge Quiz

High demand for goods and services, low production costs, and government regulations

Barter system, currency exchange, and economic policies

Technological advancements, globalization, and market competition

Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)

Consumer behavior and market research

Manufacturing and distribution processes

Advertising and promotional activities

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

E-commerce and brick-and-mortar trade

Domestic trade, including retail and wholesale as well as local (correct)

International trade only

Supply chain management and logistics

<p>Large-scale organized system of activities, functions, procedures and institutions</p> Signup and view all the answers

<p>The exchange of goods and services between buyers and sellers in return for a price at traditional (or online) marketplaces</p> Signup and view all the answers