question In commerce what is the role of entrepreneurship

Which entity regulates commerce and ensures fair business practices in many countries?

A. International Monetary Fund (IMF)
B. World Health Organization (WHO)
C. World Trade Organization (WTO)
D. United Nations (UN)

In commerce, what does the term "supply chain" refer to?

A. Financial transactions
B. Flow of goods and services from production to consumption
C. Marketing strategies
D. Organizational structure

What is the primary goal of risk management in commerce?

A. Maximizing profits
B. Minimizing uncertainty and potential losses
C. Expanding market share
D. Increasing production efficiency

What is the significance of globalization in commerce?

A. Localized business operations
B. Limited market access
C. Expanded international trade and market presence
D. Reduced competition

What is the purpose of the International Organization for Standardization (ISO) in commerce?

A. Regulating international trade
B. Developing and publishing international standards
C. Managing fiscal policy
D. Controlling inflation

In commerce, what does the term "market segmentation" refer to?

A. A condition where consumers have similar preferences
B. Dividing a market into distinct groups with similar needs and characteristics
C. International trade agreements
D. Consumer protection laws

In commerce, what is economics primarily concerned with?

A. Financial transactions
B. Production and distribution of goods and services
C. Marketing strategies
D. Human resource management

What is the role of finance in commerce?

A. Production planning
B. Money management and financial decision-making
C. Advertising
D. Quality control

Which aspect of commerce focuses on efficient resource utilization and production processes?

A. Marketing
B. Accounting
C. Finance
D. Management

What is the importance of information technology in modern commerce?

A. Enhancing financial transactions
B. Facilitating communication and data management
C. Human resource recruitment
D. Product design

Commerce MCQS - QUESTION DETAILS

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