Commerce Knowledge Quiz

The production of goods and services for the local, regional, national, or international economies

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

The exchange of goods and services between buyers and sellers

The marketing and advertising of goods and services

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

Government regulations, consumer demand, and technological advancements

Market competition, advertising strategies, and pricing tactics

Globalization, outsourcing, and supply chain management

E-commerce and digital marketing

Manufacturing and distribution of goods

Financial transactions and banking 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 in return for a price</p> Signup and view all the answers