Question

what is commerce and features of commerce ​

Answer 1

Answer:

Commerce:

Commerce is a branch of production that deals with the distribution of goods, exchange of goods and services and all activities that assist or facilitate trade. Commerce is also defined as the study of all the activities concerned with buying and selling and distribution of goods and series.

Features:

1) Commerce is an economic activity because it is undertake to earn profit.

2) Commerce involves the exchange of goods and services for profit.

3) The primary objective of Commerce is to earn profit

4) Commerce involves the creation of time and place utility for the products.

5) Commerce consists of regular transaction.

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Answer 2

Commerce is the exchange of goods and services , especially on a large scale .

Features :-

♥ Ubiquity

♥ Global reach

♥ Universal Standards

♥ Richness

♥ Interactivity

♥ Information density

♥ Personalization

♥ Social Technology