Description
to understand the meaning of commerce
Presentation Transcript
COMMERCE : COMMERCE Commerce refers to all those activities which help directly or indirectly in the distribution of goods to the ultimate consumer.
Functions of commerce : Functions of commerce 1.Removes Personal Hindrance
2.Removes Place Hindrance
3.Removes Time Hindrance
4.Removes Finance Hindrance
4.Removes Risk Hindrance
5.Removes Knowledge Hindrance
Personal Hindrance : Personal Hindrance Removed by Trader TRADER manufacturer wholesaler retailer
Place Hindrance : Place Hindrance Removed by Transport
TIME HINDRANCE : TIME HINDRANCE Removed by warehousing
Finance hindrance : Finance hindrance Banks remove this hindrance
Risk hindrance : Risk hindrance Removed by Insurance