Exploring Commerce

The organization or activity whose goal is to sell goods and services for profit

The buying and selling of goods and services

The movement and distribution of finished goods and services (correct)

The sourcing of raw materials and manufacturing of goods

It is derived from the Latin word 'commercium' (correct)

It is derived from the English word 'trade'

It is derived from the English word 'business'

It is derived from the Latin word 'merx'

Commerce involves the movement and distribution of goods and services, while trade is the transaction (correct)

Commerce is the large-scale organized system of activities, while trade is the aspect of business related to the movement and distribution of goods and services

Commerce involves the sourcing of raw materials and manufacturing of goods, while trade is the buying and selling of goods and services

Commerce is the transaction, while trade is the large-scale organized system of activities

<p>The transfer of goods and services from producers to consumers</p> Signup and view all the answers

<p>No, commerce is a subset of business</p> Signup and view all the answers