Commerce notes essay

On the basis of the above definitions following are the characteristics of commerce: Commerce is the distribution system of goods. In commerce, all the activities related to the sale and purchase of goods and those which help in sales and purchase of goods are included. Commerce creates utility. It brings industry and consumers close to each other.

Electronic commerce, commonly known as e-commerce, is the buying and selling of product or service over electronic systems such as the Internet and other computer networks.

For a trader buying goods is an economic activity and a part of commerce while the purchase of goods by a consumer is non-economic activity, hence out of the purview of commerce. Commerce involves an exchange of goods and services for profit. The goods may be produced or procured from other sources.

There is high scope of e-commerce in each aspect of business, at present it is in the embryonic stage but in future e-commerce would be the part of day to day activity of business firms. Following are the marketing areas where we seek scope of e-commerce: (i) Marketing, sales and sales promotion. (ii) Pre-sales, subcontracts, supply.