5 Questions
What is commerce?
The organized system of activities contributing to the distribution of goods and services
What factors give rise to commercial exchanges?
Diversity in natural resources, differences of human needs and division of labour
What does commerce consist of?
Trade and aids to trade along the entire supply chain
How is trade categorized?
Domestic trade, including retail and wholesale as well as local
What is the primary purpose of trade?
Exchange of goods and services between buyers and sellers in return for a price
Test your knowledge of commerce with this quiz! Explore questions on the functions, procedures, and institutions involved in the distribution and transfer of goods and services. Challenge yourself with inquiries about channels of distribution, producers, consumers, and more.
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