definition of commerce

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