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Questions and Answers
Commerce only involves the transfer of goods from producers to consumers within a local economy.
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.
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.
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.
Commerce is influenced by factors such as diversity in natural resources, human needs and wants, and division of labor.
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Trade is only categorized into domestic trade, excluding retail and wholesale.
Trade is only categorized into domestic trade, excluding retail and wholesale.
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Which of the following subjects is NOT typically included in business studies?
Which of the following subjects is NOT typically included in business studies?
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What is the main purpose of teaching business studies?
What is the main purpose of teaching business studies?
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Which country does NOT teach business studies under the name 'business studies'?
Which country does NOT teach business studies under the name 'business studies'?
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Which of the following countries is NOT mentioned as a place where business studies is taught?
Which of the following countries is NOT mentioned as a place where business studies is taught?
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In which level of education can business studies be taken in England?
In which level of education can business studies be taken in England?
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