Explain the function of commerce . And explain it briefly.
Answers
Explanation:
It consists of trade, and the activities which facilitate trade. The process of exchange is full of hindrances.
The principal function of commerce is to remove these hindrances so as to ensure a free and uninterrupted flow of goods and services from producers to consumers.
Branches of commerce include trade, transport, banking, insurance warehousing, advertising and communication.
One of the ecommerce benefits is that it has a lower startup cost. Physical retail stores have to pay up to thousands of dollars to rent one of their store locations. They also have several upfront costs such as store signs, store design, buying inventory, sales equipment, and more.
Answer:
People all across the world can enjoy goods and services created both within and outside of their countries because to commerce, which makes mass production easier.
Explanation:
- It comprises of trade and the actions that make trade possible. There are many obstacles in the exchange process.
- To ensure a free and continuous flow of products and services from producers to consumers, it is the primary purpose of business to remove these obstacles.
- People all across the world can enjoy goods and services created both within and outside of their countries because to commerce, which makes mass production easier.
- It makes it easier to raise money for investments and personal needs by utilizing banks and other financial organizations.
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