Question

What is commerce and what are its different components ?

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Answer 1

Hii friend here is ur answer

Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities. From a broad perspective, nations are concerned with managing commerce in a way that enhances the well-being of citizens, by providing jobs and producing beneficial goods and services.
It is an organised system for the exchange of goods and services. It involves not only the functions of buying and selling but several other activities required to facilitate buying and selling. The purpose of commerce is to provide the right goods to the right persons at file right time and at the right place.

1. Suppliers and supply chain management

2. Warehouse operations

3. Shipping and returns

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Answer 2

The Answer is...


Commerce relates to "the exchange of goods and services, especially on a large scale." It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.


The important components of commerce are..

i)Suppliers and supply chain management.

ii)Warehouse operations.

iii) Shipping and returns.

iv) Client Relationship Management (CRM)

v)Ecommerce catalogue and product display.

vi)Marketing and loyalty programs.


Hope This Helps....