Podcast Beta
Questions and Answers
Commerce only involves the transfer of goods from producers to consumers within a local economy.
False
Commerce is the system of activities that contribute to the distribution of goods and services.
True
Trade is the exchange of goods and services between buyers and sellers for a price.
True
Commerce is influenced by factors such as diversity in natural resources, human needs and wants, and division of labor.
Signup and view all the answers
Trade is only categorized into domestic trade, excluding retail and wholesale.
Signup and view all the answers
Which of the following subjects is NOT typically included in business studies?
Signup and view all the answers
What is the main purpose of teaching business studies?
Signup and view all the answers
Which country does NOT teach business studies under the name 'business studies'?
Signup and view all the answers
Which of the following countries is NOT mentioned as a place where business studies is taught?
Signup and view all the answers
In which level of education can business studies be taken in England?
Signup and view all the answers
