1. what is commerce ?
2. what is a company?
3. what is business ?
4. how many types of business newspaper?
5. What is " The Economic times "?
Answers
Explanation:
Commerce refers to the buying and selling of goods and services for money or in kind. It is a branch of business. It includes all the processes that have to do with the exchange of products and services. The term usually refers to doing business on a large scale. Specifically, on a scale large enough to require transportation from seller to buyer. The transportation may be across a town, a state or county, or from country-to-country.
The term ‘commerce’ usually means the same as ‘trade.’ Trade also means buying, selling, or exchanging goods and services between people, firms, and countries.
Commerce focuses on the distribution side of the business, rather than production. Some economists, however, say that it includes all business activities and functions. In other words, everything to do with the transference of goods and services from producers – including production – to consumers.
Commerce barter or cash - image
Commerce is the act of trading either by bartering, with cash, credit card, face-to-face, or by telephone. It also includes trading by correspondence or online. It is an activity that humans have been engaging in for tens of thousands of years.
Businesses aim everything they produce at consumers. To facilitate demand, there needs to be an adequate distribution channel. This is where commerce comes in.
The term includes the legal, political, social, economic, cultural, and technological systems. These systems operate within any country or internationally. It may also refer to an environment or system that affects the business prospects of national economies.
According to BusinessDictionary.com, commerce is:
“Exchange of goods or services for money or in kind, usually on a scale large enough to require transportation from place to place or across city, state, or national boundaries.”
Commerce vs. a transaction
Commerce usually refers to the macroeconomic purchase of goods and services. Macroeconomic purchase is buying on a large scale. However, a transaction refers to just one item. In other words, the buying and selling of a single unit by a consumer.
Commerce includes all the transactions in the purchase and sale of that product. It often refers to international trade. International trade is the purchase and sale of goods and services between countries.
US Department of Commerce
When we manage it properly; commercial activity can improve people’s standard of living. It can enhance a nation’s standing in the world. However, regulation is crucial. Otherwise, large corporations may become too powerful and bad for the majority of citizens.
In the United States, the Department of Commerce exists to promote and manage business activity. It is a Cabinet department of the US government.
Answer:
1.the business of buying and selling things
2.a business organization selling goods or services
3.A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
5.The Economic Times is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. The Economic Times began publication in 1961. As of 2012, it is the world's second-most widely read English-language business newspaper, after The Wall Street Journal, with a readership of over 800,000
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