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Questions and Answers
Which of the following best describes commerce?
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'?
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?
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?
What does commerce contribute to?
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What is the goal of business?
What is the goal of business?
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