question In commerce what is the significance of a patent

What does the term "e-commerce" refer to?

A. Traditional business practices
B. Electronic buying and selling of goods and services
C. Physical retail stores
D. Human resource management

What is the primary objective of commerce?

A. Profit maximization
B. Wealth creation
C. Value addition
D. Market dominance

What is the primary focus of the concept of "time value of money" in finance?

A. Market trends
B. Evaluating investment opportunities over time
C. International trade agreements
D. Consumer behavior

What is the primary objective of corporate social responsibility (CSR) in commerce?

A. Profit maximization
B. Enhancing brand image and contributing to societal well-being
C. Cost reduction
D. Market expansion

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

What is the primary focus of macroeconomics in commerce?

A. Aggregate economic indicators
B. Individual economic entities
C. Market trends
D. Consumer behavior

In commerce, what does the term "capital" refer to?

A. Physical goods and services
B. Money invested in business for production
C. Human resources
D. Marketing strategies

What is the primary function of the Central Bank in a country's commerce?

A. Managing foreign affairs
B. Regulating and controlling the money supply and monetary policy
C. Market research
D. Consumer protection

What is the primary function of the International Chamber of Commerce (ICC)?

A. Regulating international trade
B. Promoting international business and trade
C. Managing fiscal policy
D. Controlling inflation