Commerce – Functions and Role Commerce performs the function of removing hindrances in the smooth flow of goods from the producers and consumers and thus linking the producers and consumers.
What are the features of commerce?
CHARACTERISTICS OF COMMERCE
- PURELY ECONOMIC AND BUSINESS ACTIVITY:
- PRODUCTION AND MARKETING:
- CONTINUITY:
- AIMS AT PROFIT:
- CHALLENGING AND UNCERTAIN:
- CREATIVE AND EVER EVOLVING:
- CUSTOMER CENTERED:
- SOCIALISATION:
What are the benefits of commerce stream?
Why study a Bachelor of Commerce?
- Tools and techniques to succeed.
- Boost your employability.
- Flexible study options.
- An introduction to the business world.
- Gain transferable skills<
- Globally recognised degrees.
- Careers Network.
- Build your business network.
What is E-Commerce and how it works in our life?
E-Commerce basically means to buy, sell and exchange products, services, and information through computer networks. On an E-Commerce platform, a person can deal with customers around the world. People carry out buying and selling of goods and services over the internet. Even payments can be made using credit cards.
How are human wants related to economic efforts?
Economists have said that demand is that wants which is expressed and backed by a fixed price in a particular time. There is an intense relationship between human wants and economic efforts. When a man feels the need of anything, then to fulfill if he puts in economic efforts and tries to earn wealth in order to satisfy the wants.
How are human wants influenced by salesmanship?
Wants are influenced by salesmanship : Salesmanship also influences human wants. This characteristics of human wants in economics says that salesmen attract new customers through their smart appearance and nice conversation. They create confidence among the consumers regarding the quality of the goods which they sell.
What do consumers buy to satisfy their wants?
Consumers buy furniture, televisions, cell phones, and books. They eat at restaurants, go on vacations, and take their car to the auto dealer for service and repairs. Businesses provide the goods and services that meet business and consumer needs and wants.
What is the importance of customer satisfaction in business?
Many researchers have looked into the importance of customer satisfaction. Kotler (2000) defined satisfaction as: “a person’s feelings of pleasure or disappointment resulting from comparing a product’s perceived performance (or outcome) in relation to his or her expectations”.
