question In commerce what does the term market segmentation refer to

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

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

A. Consumer preferences
B. The responsiveness of quantity demanded to a change in price
C. International trade agreements
D. Government expenditure

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 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 "venture capital" refer to?

A. Government subsidies
B. Start-up funding provided to new and high-potential businesses
C. Import and export taxes
D. International trade agreements

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 purpose of the Federal Trade Commission (FTC) in the United States?

A. Regulating international trade
B. Enforcing antitrust laws and protecting consumers
C. Managing fiscal policy
D. Controlling inflation

In commerce, what does the term "oligopoly" signify?

A. A market structure with a single seller
B. A market structure with a few large sellers
C. A market structure with many small sellers
D. Government intervention in the market

Which economic system is characterized by private ownership of the means of production?

A. Capitalism
B. Socialism
C. Communism
D. Mixed economy

What is the purpose of fiscal policy in commerce?

A. Regulating money supply
B. Managing government expenditure and taxation
C. Controlling inflation
D. Facilitating international trade

Commerce MCQS - QUESTION DETAILS

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