Commerce Quiz
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Questions and Answers

What is commerce?

  • The marketing and advertising of goods and services
  • The direct exchange of goods and services between buyers and sellers
  • The process of manufacturing goods and providing services
  • The organized system of activities contributing to the distribution of goods and services (correct)
  • What factors give rise to commercial exchanges?

  • Government regulations and policies
  • Diversity in natural resources, differences of human needs and division of labour (correct)
  • Technology advancements and globalization
  • Consumer demand and supply chain management
  • What does commerce consist of?

  • Trade and aids to trade along the entire supply chain (correct)
  • Manufacturing and distribution of goods
  • Financial transactions and investments
  • Consumer behavior and market research
  • How is trade categorized?

    <p>Domestic trade, including retail and wholesale as well as local</p> Signup and view all the answers

    What is the primary purpose of trade?

    <p>Exchange of goods and services between buyers and sellers in return for a price</p> Signup and view all the answers

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