All activities involved in the distribution and exchange of goods and services are referred to as?
Answer Details
The term that refers to all activities involved in the distribution and exchange of goods and services is Commerce. Commerce encompasses a range of activities such as buying, selling, and transporting goods and services from producers to consumers. It also includes activities such as market research, advertising, sales promotion, and other promotional activities aimed at creating demand for goods and services. Commerce plays a crucial role in the economy as it facilitates the exchange of goods and services, helps to create employment, and generates income and revenue for businesses and governments.