Commerce Systems Quiz
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Questions and Answers

What is commerce primarily concerned with?

  • Smooth distribution and transfer of goods and services (correct)
  • Controlling the supply chain
  • Regulation of market prices
  • Maximizing profits for producers
  • What are the principal factors that lead to commercial exchanges?

  • Diversity in natural resources, human needs, division of labor, and comparative advantage (correct)
  • Government regulations and policies
  • Technological advancements in transportation
  • International trade agreements
  • What does trade encompass within commerce?

  • Management of international shipping routes
  • Control over currency exchange rates
  • Regulation of domestic markets
  • Exchange of goods and services, including import, export, and re-export trades (correct)
  • What are aids to trade in commerce?

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

    What is categorized as foreign trade within commerce?

    <p>Import, export, and entrepôt/re-export trades</p> Signup and view all the answers

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