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Questions and Answers
Which term best describes the transfer of goods and services from producers to consumers?
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'?
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?
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?
What is the difference between commerce and trade?
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What is commerce not?
What is commerce not?
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Commerce is the system of activities that contribute to the transfer of goods and services on a large scale
Commerce is the system of activities that contribute to the transfer of goods and services on a large scale
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The word 'commerce' comes from the Latin word for 'merchandise'
The word 'commerce' comes from the Latin word for 'merchandise'
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Commerce is the same as business
Commerce is the same as business
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Commerce is related to the movement and distribution of finished goods and services
Commerce is related to the movement and distribution of finished goods and services
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Trade and commerce are the same thing
Trade and commerce are the same thing
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