Distinguish between industry, trade and commerce
Answers
Answered by
1
Business is the whole process of Trade and Commerce. Commerce is subsets of business. Trade is a subsets of commerce.
Trade focuses on only buying and selling.
Commerce focuses on buying selling along with other activities such as insurance, transportation, warehousing, advertising etc.
Business is the whole activity of Accounting, Finance, HrM, Production, R&D, Planing, Managing when it is the process of exchange of goods and services among buyer and seller.
Trade focuses on only buying and selling.
Commerce focuses on buying selling along with other activities such as insurance, transportation, warehousing, advertising etc.
Business is the whole activity of Accounting, Finance, HrM, Production, R&D, Planing, Managing when it is the process of exchange of goods and services among buyer and seller.
Answered by
0
Difference between Industry, Trade and Commerce
Explanation:
Industry:
- Industry defines the general idea about the production of the goods.
- In industry, goods are manufactured and they shifted.
Commerce:
- Commerce are the ones who focus on delivering the goods in the required destination.
Trade:
- Trade is a basic concept in which there is the involvement of buying and selling goods.
- There can be various types of trade which may be the internal trade and the external trade. These three terms are inter-related with each other.
Learn more about Industry, Trade and Commerce
Explain the difference between Industry, commerce and trade.
https://brainly.in/question/11543891
How trade and industry plays a vital role in commerce?
https://brainly.in/question/4382778
Similar questions