Meaning and Scope of commerce - SS1 Commerce Past Questions and Answers - page 1
1
What does commerce primarily involve?
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A
Production and consumption
B
Buying and selling
C
Advertising and marketing
2
Which of the following is an integral part of commerce in the digital age?
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A
Manufacturing
B
Logistics
C
E-commerce
3
What is the role of finance in commerce?
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A
Managing the supply chain
B
Promoting and selling products
C
Facilitating monetary transactions
4
What does supply chain management involve in commerce?
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A
Promoting and selling products
B
Managing financial transactions
C
Sourcing raw materials and distribution
5
Which of the following is a characteristic of entrepreneurship in commerce?
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A
Managing the supply chain
B
Buying and selling goods
C
Innovating and taking risks
7
Name one area covered by commerce that involves online transactions and internet-based trade.
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