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Commerce Quiz

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Questions and Answers

What are the principal factors that give rise to commercial exchanges?

High demand for goods and services, availability of capital, and government regulations

Technological advancements, global market trends, and consumer preferences

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

Political stability, international treaties, and cultural integration

What does commerce consist of?

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

Consumer behavior analysis and market research

Investment and financial management

Product development and innovation

What is trade categorized into?

Retail trade and e-commerce

Local trade and international trade

Domestic trade and foreign trade (correct)

Manufacturing trade and distribution trade

What are aids to trade or auxiliary commercial activities?

<p>Commercial intermediaries, banking and financial services, transportation, packaging, warehousing, communication, advertising and insurance</p> Signup and view all the answers