Question

The people involved with commerce are categorised into.........................
types.
a) four b) two c) there​

Answer 1

Answer:

b

Explanation:

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Answer 2

The people involved with commerce are categorised into three types.

• E-commerce is the buzzword today, associated with the buying and selling of commodities over an electronic network such as the internet. It also entails the electronic transmission of funds or data.
• E-commerce business transactions might be B2B. (business-to-business) or  B2C (business-to-consumer). Moreover, they can be C2B consumer-to-business or C2C consumer-to-consumer as well.
• Thus, the people involved with commerce are

Producers

1. These are the people or businesses that design, produce, or manufacture commodities.

Consumers

1. These are the people or businesses who buy or consume the commodities that producers make.

Intermediaries

1. These are the individuals or businesses that make it easier for producers and consumers to exchange commodities. Distributors, merchants, and wholesalers are among them.

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