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 (B)</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 (A)</p> Signup and view all the answers