Commerce - Commerce
Commerce 672x369 - Commerce

Commerce includes all those activities which are helpful in transferring goods from the place of production to the consumer. For example purchases, sale, transportation’s, banking, insurance, storage and advertisement are the activities which come within the scope of commerce. Manufactured goods do not reach directly from the producer to the consumer. For example wholesaler purchases the goods from producer and uses the transportation to transfer these to his store. He also hires the services of bank and insurance company. Then he sells the goods to retailer. A consumer purchases the goods from retailer . So there are many obstacles in the way of producer an consumer.

Mr. James Stephon has rightly stated that ” Commerce includes those activities which remove the hind ranees of time, person and places in the exchange of goods.”

Commerce 640x351 - Commerce


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