Characteristics of commerce - SS1 Commerce Past Questions and Answers - page 1
1
What is one of the primary characteristics of commerce?
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A
Government regulation
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B
Voluntary participation
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C
Charity-based transactions
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2
What characteristic of commerce encourages businesses to specialize in specific goods or services?
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A
Government intervention
B
Profit motive
C
Barter system
3
Which characteristic of commerce is associated with the continuous flow of activities such as production, distribution, and consumption?
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A
Continuous process
B
Globalization
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C
Market-based economy
4
Which characteristic of commerce is associated with the continuous flow of activities such as production, distribution, and consumption?
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A
Continuous process
B
Globalization
C
Market based economy
5
What is a key characteristic of commerce that involves the exchange of goods or services?
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A
Exchange of goods or services
B
Non-voluntary participation
C
Charity-based transactions
6
Which characteristic of commerce involves risks and uncertainty that businesses must manage?
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A
Social responsibility
B
Risks and uncertainty
C
Market stability
7
Name one characteristic of commerce that emphasizes the pursuit of profits.
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8
What is one key characteristic of commerce that involves the continuous flow of activities such as production, distribution, and consumption?
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