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Commerce Grade 11

What is the definition of commerce?

The buying and selling of goods and services

What is the purpose of marketing in commerce?

To promote and sell products

What are the different types of businesses?

Sole proprietorship, partnership, corporation

What is the role of finance in commerce?

Managing money and investments

What is the importance of ethics in commerce?

To ensure fairness, honesty, and transparency in business

What is the significance of supply and demand in commerce?

To determine pricing and availability of goods and services

What is the definition of e-commerce?

Buying and selling goods and services online

What is the role of globalization in commerce?

Expanding business internationally and increasing interconnectedness

What is the impact of technology on commerce?

Improving efficiency, communication, and reach of business operations

What are the different forms of payment methods in commerce?

Cash, credit cards, online payments

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