WorksheetsCommerce and Trade Quiz
Total questions: 10
Worksheet time: 3mins
What is commerce?
The storage of goods in warehouses
The transportation of goods between countries
The production of goods for sale
All activities connected to trade
What is trade?
The manufacturing of goods for sale
The distribution of goods to consumers
The buying and selling of goods for money
The storage of goods in warehouses
What is the difference between home trade and international trade?
Home trade involves the sale of luxury items, while international trade involves the sale of essential goods
Home trade is done online, while international trade is done in physical stores
Home trade involves the sale of services, while international trade involves the sale of goods
Home trade occurs within a country, while international trade occurs between different countries
What are some examples of services to trade?
Banking, insurance, technology support
Technology support, communication, marketing
Warehousing, transport, banking, insurance
Transport, communication, marketing
What is the role of wholesalers in the distribution chain?
They provide technology support and communication services to retailers
They produce goods and sell them directly to consumers
They sell products or services in small quantities to end-users at retail prices
They buy goods in bulk from manufacturers and sell them in smaller quantities at wholesale prices to retailers
What are discount stores known for?
Providing high-end customer service and display
Selling luxury items at high prices
Selling products or services in small quantities to end-users at retail prices
Buying centrally in bulk and selling goods at discounted prices
What are supermarkets mainly known for?
Selling luxury items at high prices
Selling food products and household items
Selling products or services in small quantities to end-users at retail prices
Providing high-end customer service and display
What does GDP stand for?
General Development Plan
Gross National Product
Gross Domestic Product
Global Distribution Process
What does GNP per capita measure?
A country's GNP divided by the total of its population
The total economic output of a country
The total value of goods and services produced in a country divided by the total of its population
The total value of goods and services produced in a country in a year
What has played a part in the decline of the middle man in commerce?
Radio commercials
Print media
Television advertising
The Internet
