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