USA HISTORY

Detailed explanation-1: -5. What refers to buying and selling of goods and services on a large scale? The correct option is D which states that commerce refers to buying and selling of goods and services on a large scale.

Detailed explanation-2: -Today, commerce commonly refers to the large-scale purchases and sales of goods and services. Commerce is a subset of business that focuses on the distribution of goods. Selling a single item is a transaction. All transactions are collectively called commerce.

Detailed explanation-3: -E-commerce refers to the process of buying or selling products or services over the Internet. Online shopping is becoming increasingly popular because of speed and ease of use for customers. E-commerce activities such as selling online can be directed at consumers or other businesses.

Detailed explanation-4: -There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).