What are the different types of production?

• Manufacturing, Distribution, Transportation, Communication

• Extraction, Construction, Advertising, Banking

• Primary, Secondary, Tertiary, Quaternary

• Agricultural, Industrial, Service, Retail

What is the definition of commerce?

• The production of goods and services

• The construction of homes and buildings

• The buying and selling of goods and services

• The extraction of raw materials

What is trade?

• The extraction of raw materials

• The buying and selling or exchange of goods or services

• The manufacturing of goods

• The transportation of goods

What is home trade?

• The buying and selling of goods within a country

• The buying and selling of goods between different countries

• The manufacturing of goods within a country

• The transportation of goods within a country

What is foreign trade?

• The buying and selling of goods within a country

• The buying and selling of goods between different countries

• The manufacturing of goods within a country

• The transportation of goods within a country

What is the purpose of communication as an aid to trade?

• To help producers, sellers, and buyers get and pass information quickly

• To facilitate the collection and distribution of goods

• To provide insurance for producers and sellers

• To protect against losses

What is the purpose of advertising as an aid to trade?

• To help producers, sellers, and buyers get and pass information quickly

• To facilitate the collection and distribution of goods

• To communicate information about goods to the public

• To provide insurance for producers and sellers

What is the purpose of banking as an aid to trade?

• To facilitate the collection and distribution of goods

• To provide insurance for producers and sellers

• To provide financial services for activities

• To help producers, sellers, and buyers get and pass information quickly

What is the purpose of insurance as an aid to trade?

• To help producers, sellers, and buyers get and pass information quickly

• To protect against losses

• To communicate information about goods to the public

• To provide financial services for activities

What is the purpose of transportation as an aid to trade?

• To protect against losses

• To help producers, sellers, and buyers get and pass information quickly

• To provide financial services for activities

• To facilitate the movement of goods and services