BUISENESS MANAGEMENT
MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Sending goods or services to another country
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The exchange of a commodity for money
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To purchase something on credit
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A fee charged by a government on a product or service.
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Detailed explanation-1: -A commodities exchange determines and enforces rules and procedures for trading standardized commodity contracts and related investment products. It also refers to the physical center where trading takes place.
Detailed explanation-2: -A commodity market is a marketplace for buying, selling, and trading raw materials or primary products. Commodities are often split into two broad categories: hard and soft commodities.
Detailed explanation-3: -Share. A commodity is any good or service that is interchangeable with another good or service of the same type. Commodities generally include basic resources, agricultural products and energy products because they are essentially uniform.
Detailed explanation-4: -Commodity prices are the prices at which raw materials or basic foodstuffs are bought and sold. A variety of factors can influence commodity prices, from weather patterns to political upheaval. If you’re interested in investing in commodities, it’s important to understand what drives commodity prices.