man utilizes the resources in his physical environment
man produces, distributes and consumes his goods and services
man buys, sells and distributes goods and services
raw materials are changed into finished goods
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commerce can be describe as d study of production,of distribution, exchange of good and service
Here is an explanation:
commerce is the process of buying and selling of goods and service, distribute to the final consumer, indecent is how we sell our goods or product to customer
REF: comprehensive commerce, page 22
Commerce can be defined as all activities which involves the production, distribution and exchange of goods and services
commerce can be defined as the buying, selling, distribution and exchange of goods and services through the assistance of various activities such as the aids to trade
Commerce consist in buying, selling, and didstribution of goods and services. Mean while "goods" are for consumption and other purposes, and "services" are those invisible things someone can render to you, Eg: Transportation, Banking, advertisment etc.
D answer is 'b' only if commerce involve production too,but if not u look for ur answer elsewhere!
commerce is defined as a branch of production that deals with the buying and selling of goods and services and their distribution to the final consumer.
Commerce is trade and more added to it, which is d distributing n exchanging of goods and services. As we know dat trade is only the buying n selling of goods n services
I jus checked d answer on a 1994 past question and d answer is C.... So what is rilli d right answer cus i tink its B
Production is different from commerce. Commerce just has to do with trade i.e buying and selling and aids to trade in which distribution and exchange is in there.
Production has to do with extracting, manufacturing i.e producing and constructing raw materials. I believe the correct answer is C
