Introduction to Commerce Crossword Puzzle

QUESTIONS LIST:

• aids to trade : these are the services that assist with the buying and selling of goods and services.
• subsistence economy : a system where there is little specialization or trade. people provide just enough to survive but not to improve their way of life.trade: the buying and selling of goods and service.
• specialization : the breaking down of productive activities into smaller tasks so that each person performs the task he/she is most skilled at.
• globalization : the development of world trade into a single economy where social, economic, political and cultural relationships are intensified.
• direct production : people meet all their needs without the help of others.
• money : a form of payment for goods and services that is universally accepted.
• postal services : this service is used to send parcels, documents, and original legal documents, and facilitates a form of communication.
• partnership deed : a document that sets out the rights of each partner regarding the division of the profits and losses etc.
• barter : the exchange of one thing for another without the use of money.
• franchise : when a well-known company allows someone to buy the right to use their products or techniques under their trade name.
• commerce : the change in ownership of goods and services that are created to satisfy the needs and wants of the customer.
• multinational : where a worldwide enterprise owns or controls production of goods or services in one or more countries other than their home country.
• monopoly : when a company has more than 25% control over the total supply of a commodity or service that it is able to control the price.
• direct services : the provision of services directly to the consumer without the help of others.