Functions of commerce

khushal By khushal, 19th Oct 2014 | Follow this author | RSS Feed
Posted in Wikinut>Business>Accounting & Finance

The important functions of commerce are as follows:
Removing disturbance of person : it is not necessary that the producers and the consumers of good are always situated in the same area.

Functions of commerce

The important functions of commerce are as follows:
1 Removing disturbance of person : it is not necessary that the producers and the consumers of good are always situated in the same area. Therefore, the producer is not able to have direct relation with the consumers to sell the products. Traders play a vital role between producers and the consumers.
2 Avoiding disturbance of time : in modern days, goods are produced according to demand. The work of storage is done by the ware house which remove the disturbance at time by balancing the time lag between production and demand.
3 Avoiding disturbance of knowledge : commerce is based on knowledge of market demand consumers, products etc. therefore a producer may find it difficult to bring to the knowledge of the prospective consumers the utility and the feature of the products thus advertising and salesmanship help to remove the disturbance of knowledge.
4 Avoide Risk : there are several types of risks in business . these can be covered with help of insurance companies.

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author avatar khushal
i am working of business department and i am perfect in business

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Comments

author avatar Shamarie
19th Oct 2014 (#)

Very informative, khushal! Thanks for sharing!

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author avatar tafmona
19th Oct 2014 (#)

this is very important to business people, I love it

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author avatar khushal
20th Oct 2014 (#)

thanks friends

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