Exploring the World of Commerce
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Questions and Answers

Which term best describes the transfer of goods and services from producers to consumers?

  • Trade
  • Business
  • Commerce (correct)
  • Manufacturing

    • What is the etymology of the word 'commerce'?

  • From the Latin word 'commercium' (correct)
  • From the Latin word 'com'
  • From the Latin word 'merx'
  • From the English word 'commerce'

    • Which aspect of business is commerce related to?

  • Selling of goods and services
  • Movement and distribution of goods and services (correct)
  • Sourcing of raw materials
  • Manufacturing of goods

    • What is the difference between commerce and trade?

    <p>Commerce is the movement and distribution of goods and services, while trade is the selling of goods and services.</p> Signup and view all the answers

    What is commerce not?

    <p>Business</p> Signup and view all the answers

    Commerce is the system of activities that contribute to the transfer of goods and services on a large scale

    <p>True</p> Signup and view all the answers

    The word 'commerce' comes from the Latin word for 'merchandise'

    <p>True</p> Signup and view all the answers

    Commerce is the same as business

    <p>False</p> Signup and view all the answers

    Commerce is related to the movement and distribution of finished goods and services

    <p>True</p> Signup and view all the answers

    Trade and commerce are the same thing

    <p>False</p> Signup and view all the answers

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