what is commerce and marketing state with differences
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1)BASIS FOR COMPARISONTRADECOMMERCEMeaningTrade means the exchange of goods and services between two or more parties in consideration of money or money’s worth.
2)'Commerce means exchange of goods and services between the parties along with the activities such as insurance, transportation, warehousing, advertising etc that completes that exchange
.3)ScopeNarrowWideType of ActivitySocial ActivityEconomic ActivityFrequency of TransactionsIsolatedRegularEmployment opportunitiesNoYesLinkBetween buyer and sellerBetween producer and consumerDemand and supply sideRepresents bothRepresents only the demand sideCapital requirementMoreLess
2)'Commerce means exchange of goods and services between the parties along with the activities such as insurance, transportation, warehousing, advertising etc that completes that exchange
.3)ScopeNarrowWideType of ActivitySocial ActivityEconomic ActivityFrequency of TransactionsIsolatedRegularEmployment opportunitiesNoYesLinkBetween buyer and sellerBetween producer and consumerDemand and supply sideRepresents bothRepresents only the demand sideCapital requirementMoreLess
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commerse : it is business of buying and selling something
marketing state: Marketing state is the study and management of exchange relationships
marketing state: Marketing state is the study and management of exchange relationships
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