The producer and consumer for mutual benefit

madugundurukmini By madugundurukmini, 22nd Sep 2013 | Follow this author | RSS Feed
Posted in Wikinut>Business>Sales & Marketing

Commerce is concerned with the buying, selling and distribution of commodities. It is an organized system for the exchange of goods and services between the members of the business world and the rest of society.

The various auxiliaries to trade

Commerce consists of all those activities which are essential for maintaining a free flow and services from producers to consumers. It involves not only the functions of buying and selling but several other activities required to transport, insure, store and finance goods. In other words, commerce comprises trade and the various auxiliaries to trade.

The buying and selling of goods

Commerce is that branch of business which involves the buying and selling of goods, the exchange of commodities and the distribution of finished products. All the activities which establish of goods between them constitute commerce.

The purpose of commerce is to provide goods, and services at the right time and at the right place

Production of goods has no meaning unless the goods production are exchanged between the producer and consumer for mutual benefit. Commerce provides a means for the exchange and distribution of goods. It serves as a link between producers and consumers and thereby bridges gap between them. It provides a pipeline for the movement of goods from producers yo users. Production is concentrated at particular places while consumers are scattered throughout the country, sometimes even throughout the world. The purpose of commerce is to provide goods, and services at the right time and at the right place. It creates time, place and possession utilities.

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author avatar Fern Mc Costigan
23rd Sep 2013 (#)

Intersting pieceand informative too!

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