Commerce Systems Overview

• Market demand, consumer preferences, and advertising strategies
• Global economic policies, international treaties, and cultural exchange
• Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage (correct)
• Presence of commercial institutions, government regulations, and technological advancements

• Only domestic trade within local and regional economies
• 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)
• Trade limited to traditional marketplaces without online transactions
• Foreign trade exclusively involving import and export transactions

• Technological advancements in production processes
• Government regulations, trade policies, and labor laws
• Commercial intermediaries, banking and financial services, transportation, packaging, warehousing, communication, advertising and insurance (correct)
• Consumer preferences, product innovation, and market competition

<p>Large-scale organized system of activities contributing to the distribution and transfer of goods and services on a substantial scale through various channels from producers to consumers (A)</p> Signup and view all the answers

<p>Exchange of goods and services between buyers and sellers in return for a price at traditional (or online) marketplaces (A)</p> Signup and view all the answers