Factors affecting the growth of commerce. - SS1 Commerce Past Questions and Answers - page 1
Which factor refers to the overall economic health of a country?
Infrastructure
Economic Conditions
Government Policies
What role does technology play in commerce?
Enabling new business models
Establishing government policies
Determining market demand
What factor contributes to market reach and global expansion?
Government policies
Technological advancements
Economic conditions
Why is political stability important for commerce?
It determines market demand
It attracts foreign direct investment
It attracts foreign direct investment
What contributes to the competitiveness of domestic businesses?
Global trade and market access
Market demand
Economic conditions
Name one example of infrastructure that is important for commerce.
Examples include transportation systems, communication networks, access to electricity, etc.
How does a stable socio-political environment affect commerce?
A stable socio-political environment provides confidence to investors, attracts foreign direct investment, and encourages long-term business growth.