distinguish between business and commerce
Answers
Answer:Business and Commerce are word with similar meaning, but they also differ from one another . Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling. Business can be an entity , commerce refers to trade and trade- related activities .
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Answer:
Commerce is an abstract idea that refers to activities of buying and selling of goods and services. As commerce is an abstract idea, you cannot say that you own commerce
Business is more physical in the sense that it can be owned by a person. A person can own a business, but he certainly does not own commerce. Similarly, a company does business with its clients.
Explanation:
What is the difference between Business and Commerce?
• Commerce and business are words with similar meaning, but they also differ from one another.
• While business can be an entity, commerce refers to trade and trade-related activities.
• Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.
• The difference between these two terms is also reflected in the relative importance of the courses of commerce and business. Whereas a student studying commerce is just a simple management graduate, a student studying business holds a professional degree that opens doors of many more opportunities.
• When it comes to Bachelor of Commerce degree, the study is focused on the wider commercial and economical environment. Then, the Bachelor of Business focuses on the way individual businesses and organizations operate. As you can see, to run a business, having a business degree is more suitable.
• A business holds many activities such as planning, advertising, selling, buying, marketing, accounting and supervising manufacturing, etc. Commerce, which mainly focuses on buying and selling, is a part of each and every one of these activities that make a business. As a result, commerce comes under business.
• When it comes to business, there are several types of businesses based on the structure. They are sole trader, partnership, trust, and company. One cannot say that such variations exist when it comes to commerce.