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
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What characteristic of commerce encourages businesses to specialize in specific goods or services?
Government intervention
Profit motive
Barter system
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Which characteristic of commerce is associated with the continuous flow of activities such as production, distribution, and consumption?
Continuous process
Globalization
Market-based economy
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Which characteristic of commerce is associated with the continuous flow of activities such as production, distribution, and consumption?
Continuous process
Globalization
Market based economy
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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
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Which characteristic of commerce involves risks and uncertainty that businesses must manage?
Social responsibility
Risks and uncertainty
Market stability
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Name one characteristic of commerce that emphasizes the pursuit of profits.
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What is one key characteristic of commerce that involves the continuous flow of activities such as production, distribution, and consumption?
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