List two branches of commerce.
Answers
Answer:
trade, transport, banking, insurance, advertising
are the main branches of Commerce
Answer:
hey mate here is your answer
Trade
Trade is the channel through which manufactures passed their products to the consumers. Trade is a process of providing products to final consumers. The trade involves buying and selling of goods.
Transport
Transport is a medium between production house to consumer’s house. Transport provides goods to consumers. Usually, the manufacturing units are far away from the city, so transportation helps to provide products in the city market.
Distribution
Manufacturers cannot sell their products directly to millions of consumers, wholesalers retailers, and middlemen help in it. Manufactures sell their products to wholesalers, wholesalers sell to retailers and finally, retailers sell to the consumers. So, it is the process of distribution of the products.
Insurance
Insurance is the security of goods from various aspects, i.e fire, theft, damage of products etc. it removes the hindrance of threat. it provides security to all the trades. Because theft and fire are normal in trade, which creates anxiety into the traders.
Communication
The buyers and sellers are connected through various communicating channels. The producer aware the buyer about the new goods, and then the buyer sends orders for supply of goods.
Warehousing
Manufacturers sell goods in huge quantity to the wholesalers. So, wholesalers need to have big places to store the goods. it removes the hindrance of time.
Banking
Usually, It takes a long time to produces the goods and supply in the market, during this period of time the company needs financial support, to providing financial supports commercial banks helps on it
hope it helps u please make branlist please