The History of Commerce
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Questions and Answers

Which of the following best describes commerce?

  • The sourcing of raw materials
  • The buying and selling of goods and services
  • The manufacturing of goods for profit
  • The distribution of finished goods (correct)
  • What is the etymology of the word 'commerce'?

  • Derived from the English word 'commerce'
  • Derived from the Greek word 'kommerki'
  • Derived from the Latin word 'commercium' (correct)
  • Derived from the Latin word 'mercatus'
  • How is commerce different from trade?

  • Commerce involves the sourcing of raw materials, while trade involves the distribution of finished goods
  • Commerce and trade are the same thing
  • Commerce involves the manufacturing of goods, while trade involves the buying and selling of goods
  • Commerce involves the movement and distribution of goods and services, while trade refers to the transaction (correct)
  • What does commerce contribute to?

    <p>The transfer of goods and services on a large scale</p> Signup and view all the answers

    What is the goal of business?

    <p>To sell manufactured goods and/or services for profit</p> Signup and view all the answers

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