Podcast
Questions and Answers
What is the definition of commerce?
What is the definition of commerce?
- The process of storing and distributing goods and services
- The process of buying and selling goods and services
- The process of exchanging goods and services (correct)
- The process of producing goods and services
What is the difference between trade and commerce?
What is the difference between trade and commerce?
- Trade refers to transactions between individuals, while commerce refers to transactions between businesses
- Trade refers to domestic transactions, while commerce refers to international transactions
- Trade involves the exchange of services, while commerce involves the exchange of goods
- Trade involves the exchange of goods, while commerce involves the exchange of services (correct)
What is the main objective of business?
What is the main objective of business?
- To contribute to the economic growth of a country
- To satisfy customer needs and wants (correct)
- To provide employment opportunities
- To earn maximum profit
What are the three main components of business?
What are the three main components of business?
Define commerce.
Define commerce.
What is the significance of trade in business?
What is the significance of trade in business?
Business, trade, and commerce are three separate concepts.
Business, trade, and commerce are three separate concepts.
Trade refers to the exchange of goods and services between two or more parties.
Trade refers to the exchange of goods and services between two or more parties.
Commerce involves the buying and selling of goods and services, as well as various activities that aid in the exchange process.
Commerce involves the buying and selling of goods and services, as well as various activities that aid in the exchange process.
Business studies class 11 chapter 1 focuses on the concepts of ______, trade, and commerce
Business studies class 11 chapter 1 focuses on the concepts of ______, trade, and commerce
In commerce, the exchange of goods and services is facilitated through various ______
In commerce, the exchange of goods and services is facilitated through various ______
The 20 marks test assesses knowledge on the topics of business, trade, and ______
The 20 marks test assesses knowledge on the topics of business, trade, and ______
