Commerce Overview
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Questions and Answers

What is the principal factor that gives rise to commercial exchanges?

  • Comparative advantage
  • Division of labor
  • Diversity in the distribution of natural resources (correct)
  • Differences of human needs and wants
  • What does commerce consist of, along the entire supply chain?

  • Transportation and logistics
  • Manufacturing and production
  • Marketing and advertising
  • Trade and aids to trade (correct)
  • What is the exchange of goods and services between buyers and sellers in return for a price at traditional or online marketplaces categorized as?

  • Domestic trade (correct)
  • Retail trade
  • E-commerce
  • Foreign trade
  • Which of the following is considered an aid to trade or auxiliary commercial activity?

    <p>Banking and financial services</p> Signup and view all the answers

    What are the channels through which goods and services are transferred from the original producers to the final consumers within economies categorized as?

    <p>Various channels</p> Signup and view all the answers

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