Commerce Quiz

Currency exchange rates, political stability, and international treaties

Globalization, market demand, and technological innovation

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

Availability of technology, government regulations, and consumer preferences

Small-scale trade, medium-scale trade, and large-scale trade

Barter trade, monetary trade, and virtual trade

Domestic trade, including retail and wholesale as well as local, regional and inter-regional transactions, and foreign trade, encompassing import, export and entrepôt/re-export trades (correct)

Online trade, offline trade, and international trade

Government-controlled distribution of goods and services within a country

Online retail activities and e-commerce transactions

Large-scale organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered distribution and transfer of goods and services on a substantial scale and at the right time, place, quantity, quality and price through various channels from the original producers to the final consumers within local, regional, national or international economies (correct)

Small-scale local trade and barter between individuals or small businesses

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

<p>Domestic trade, including retail and wholesale as well as local, regional and inter-regional transactions, and foreign trade, encompassing import, export and entrepôt/re-export trades</p> Signup and view all the answers