Can i have 5 examples of importance of commerce
Answers
IT helps in increasing profit
better standard of living
improved technology
integration of markets
foreign investment increases
Commerce is a very important part of any business. Why, you say? Well, because it attempts to satisfy human needs and wants. It also contributes to linking producers of certain products and services with the customers who require themThe definition of commerce means the buying and selling goods on a large scale or social relations. An example of commerce is trade between two countries. An example of commerce is the social or intellectual exchanges amongst a group of friends.A Chamber of Commerce (also referred to in some circles as a board of trade) is a form of business network, e.g., a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community.There are 6 basic types of e-commerce:
Business-to-Business (B2B)
Business-to-Consumer (B2C)
Consumer-to-Consumer (C2C)
Consumer-to-Business (C2B).
Business-to-Administration (B2A)
Consumer-to-Administration (C2A)Commerce is another word for trade or business, and can mean simply the buying and selling of goods and services. Some commerce involves high finance and big companies and organisations.