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Questions and Answers
Which of the following is NOT an example of a hard commodity?
Which of the following is NOT an example of a hard commodity?
- Coal
- Gold
- Lithium
- Coffee beans (correct)
What is the difference between differentiated and undifferentiated products?
What is the difference between differentiated and undifferentiated products?
- Differentiated products have a unique attribute while undifferentiated products are standardised (correct)
- Differentiated products are cheaper than undifferentiated products
- Differentiated products are commodities while undifferentiated products are not
- Differentiated products are always raw materials
What determines the pricing of commodities?
What determines the pricing of commodities?
- The availability of substitutes
- The government's export and import restrictions
- Demand and supply (correct)
- The product manufacturer's competitive advantage
What effect does a good harvest have on commodity prices?
What effect does a good harvest have on commodity prices?
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What impact does disposable income have on commodity demand?
What impact does disposable income have on commodity demand?
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What is market volatility?
What is market volatility?
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What is the role of specialist brokers in commodity trading?
What is the role of specialist brokers in commodity trading?
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