Functions of Commerce

April 23, 2020

Good morning boys! Let us now start with our second part of Business Activities which is Commerce.

Learning outcomes- At the end of the topic, students will be able to-
1) Explain the functions or role of Commerce.
2) State the meaning of Commerce.

 Q.12 Explain the role/ functions of Commerce. (6)
Ans All activities related to buying and selling or providing services to facilitate buying and selling are part of Commerce. It acts as a link between producers and consumers to ensure efficient distribution of goods. They help to maintain free and smooth flow of goods and services by removing various hindrances related to people, place, time, risk, finance and information which are explained as follows-

1. Removing the hindrance of people-
a) Commerce removes the hindrance of people with the help of traders who removes the gap between production and consumption and helps in the distribution of goods.
2. Removing the hindrance of place-
a) Commerce removes the hindrance of place by transportation.
b) There are various modes of transport like rail, road, water and air which help in the smooth flow of goods and services between producers and consumers.
3. Removing the hindrance of time-
a) Commerce removes the hindrance of time by Warehousing.
b) Warehouses store the goods till the time they are demanded by the consumers and creates time utility.
4. Removing the hindrance of risk-
a) Commerce removes the hindrance of risk by Insurance.
b) Insurance is a contract between Insurer and Insured whereby the insurer promises to indemnify the insured in the event of loss in return of some fee known as premium.
5. Removing the hindrance of finance-
a) Banks removes the hindrance of finance.
b) There are various functions of banks like accepting deposits, lending funds, remittance of funds and other allied services.
6. Removing the hindrance of information-
a) Advertisements removes the hindrance of knowledge or information.
b) Advertisement is a paid form of communication used by an identified sponsor to convince the buyer to buy the products.

Q.13 What are the types of Commerce? (1)
Ans- 1. Trade 2. Auxiliaries to trade

Now, watch the video given below for better understanding of the topic-


Comments

  1. Harshdeep SinghApril 22, 2020 at 9:55 AM

    Harshdeep Singh roll no 34

    ReplyDelete
  2. S U N N Y ♔April 22, 2020 at 9:55 AM

    Good morning ma'am
    Sunny joy
    XI-B
    43

    ReplyDelete
  3. Aadi NagApril 22, 2020 at 9:55 AM

    Aadi Nag
    Roll No. 23

    ReplyDelete
  4. ronnaq wilsonApril 22, 2020 at 9:55 AM

    Ronnaq Wilson
    Roll no. 42

    ReplyDelete
  5. AdnanApril 22, 2020 at 9:55 AM

    Adnan mohd
    Roll no 2

    ReplyDelete
  6. Hasan shahidApril 22, 2020 at 9:56 AM

    Hasan shahid roll no.1
    11-B

    ReplyDelete
  7. AaravApril 22, 2020 at 9:56 AM

    Aarav sharma
    Roll no. 30

    ReplyDelete
  8. Aditya thapliyalApril 22, 2020 at 9:56 AM

    Aditya thapliyal
    Roll no.38

    ReplyDelete
  9. Samaksh KatyalApril 22, 2020 at 9:56 AM

    Samaksh Katyal roll no 14
    11-B

    ReplyDelete
  10. Harsh MehtaApril 22, 2020 at 9:57 AM

    Harsh Mehta
    11-B
    Roll No. 21

    ReplyDelete
  11. RanveerApril 22, 2020 at 9:59 AM

    Ranveer Sidhu
    11 B
    Roll no 39

    ReplyDelete
  12. UnknownApril 22, 2020 at 10:01 AM

    Ronit jacob toppo
    Roll no. 40

    ReplyDelete
  13. Krishiv NayyarApril 22, 2020 at 10:01 AM

    Krishiv Nayyar roll no. 28

    ReplyDelete
  14. Aditya UpretiApril 22, 2020 at 10:01 AM

    Aditya Upreti
    Roll no 41

    ReplyDelete
  15. Saransh KatyalApril 22, 2020 at 10:02 AM

    Saransh Katyal
    Class11B
    Roll no.15

    ReplyDelete
  16. GATIJ SHRIVASTAVAApril 22, 2020 at 10:02 AM

    gatij shrivastava
    roll no 31
    class 11 B

    ReplyDelete
  17. UnknownApril 22, 2020 at 10:03 AM

    Good Morning
    Pratham Jain
    11B
    Roll no.11

    ReplyDelete
  18. UnknownApril 22, 2020 at 10:03 AM

    N.S.Yatish Rajiv
    11-B
    Roll no.44

    ReplyDelete
  19. AIDEN ROZARIOApril 22, 2020 at 10:03 AM

    AIDEN ROZARIO
    CLASS 11B
    ROLL NO.26

    ReplyDelete
  20. alexbrothers2020April 22, 2020 at 10:03 AM

    John Alexander
    11B
    Roll no.

    ReplyDelete
  21. Naveen GroverApril 22, 2020 at 10:05 AM

    Mihir Grover
    Roll no 10

    ReplyDelete
  22. UnknownApril 22, 2020 at 10:06 AM

    Samarveer Singh
    Roll no 43

    ReplyDelete
  23. Kshaunish ChhabraApril 22, 2020 at 10:06 AM

    KSHAUNISH CHHABRA
    11B
    ROLL NO.-8

    ReplyDelete
  24. ShubhankarApril 22, 2020 at 10:06 AM

    Shubhankar Jain. Class 11-B. Roll No 12

    ReplyDelete
  25. UnknownApril 22, 2020 at 10:06 AM

    Albit jude
    11-B
    Roll no.28

    ReplyDelete
  26. Mark EdwardApril 22, 2020 at 10:06 AM

    Mark Edward
    Roll no. 8
    11-B

    ReplyDelete
  27. Manshay BhandariApril 22, 2020 at 10:08 AM

    Good Morning Ma'am
    Manshay Bhandari
    Class- 11-B
    Roll No-6

    ReplyDelete
  28. Abel Jacob TharyanApril 22, 2020 at 10:08 AM

    Abel Jacob Tharyan
    11- B
    Roll No -39

    ReplyDelete
  29. Abel Jacob TharyanApril 22, 2020 at 10:09 AM

    Ma'am can you please explain the 5th and 6th point ...

    ReplyDelete
    Replies
    1. AASHIMA KHANNAApril 22, 2020 at 11:24 AM

      Beta, 5th point is that banks helps to remove the problem of finance and 6th point is that advertisements solves the problem of providing information to the potential buyers.

      Delete
  30. Maanas MatthewApril 22, 2020 at 10:18 AM

    Maanas Matthew
    18

    ReplyDelete
  31. Shazim AliApril 22, 2020 at 10:26 AM

    Shazim Ali
    Roll no 5
    11 B

    ReplyDelete
  32. Parth.SApril 22, 2020 at 10:43 AM

    Parth Swami
    Roll no 45

    ReplyDelete
  33. Divjyot SinghApril 22, 2020 at 11:10 AM

    Divjyot Singh
    11-B
    Roll no-33

    ReplyDelete
  34. SURYANSH GOVINDApril 22, 2020 at 11:19 AM

    GOOD MORNING MA'AM
    SURYANSH GOVIND
    11- A
    ROLL NO 14

    ReplyDelete
  35. #Yash pandey#April 23, 2020 at 9:09 AM

    Yash pandey
    11-A
    33

    ReplyDelete
  36. IshantApril 23, 2020 at 9:56 AM

    Ishant
    11-A
    Roll no. 1

    ReplyDelete
  37. Divyansh AroraApril 23, 2020 at 10:01 AM

    Divyansh Arora
    Roll no 4

    ReplyDelete
  38. Tanish JainApril 23, 2020 at 10:21 AM

    Tanish Jain
    11A
    21

    ReplyDelete
  39. AnonymousApril 23, 2020 at 10:24 AM

    Kartik Sumit Rastogi
    11-A
    Roll no 37

    ReplyDelete
  40. SURYA GARGApril 23, 2020 at 10:37 AM

    Surya garg
    11A

    ReplyDelete
  41. Edwin sajiApril 23, 2020 at 10:40 AM

    Edwin saji Roll no 39 11 A

    ReplyDelete
  42. ShivangApril 23, 2020 at 10:40 AM

    Shivang Singhal
    XI A
    Roll no.44

    ReplyDelete
  43. GARVIT GUPTAApril 23, 2020 at 10:41 AM

    GARVIT GUPTA
    11-A
    17

    ReplyDelete
  44. Madan AgarwalApril 23, 2020 at 10:43 AM

    Madan Agarwal
    XI-A
    Roll No. 2

    ReplyDelete
  45. ANSH GUPTAApril 23, 2020 at 10:43 AM

    ANSH GUPTA
    11 A
    16

    ReplyDelete
  46. UnknownApril 23, 2020 at 10:44 AM

    Arnav Rastogi
    11 A

    ReplyDelete
  47. HebinApril 23, 2020 at 10:45 AM

    Hebin Jose
    11-A
    Roll No-22

    ReplyDelete
  48. Saiteja ChalikeApril 23, 2020 at 10:45 AM

    Saiteja Chalike
    11-A
    Roll No: 6

    ReplyDelete
  49. Apaar SinghApril 23, 2020 at 10:46 AM

    Apaar Singh Chugh
    11-A
    Roll No.-7

    ReplyDelete
  50. Darsh JainApril 23, 2020 at 10:46 AM

    Darsh Jain
    11-A
    Roll no. 19

    ReplyDelete
  51. Zaid khanApril 23, 2020 at 10:46 AM

    Zaid khan
    11-A
    26

    ReplyDelete
  52. Devyaan AroraApril 23, 2020 at 10:46 AM

    Greetings ma'am
    Devyaan Arora
    11-A
    Roll no.3

    ReplyDelete
  53. DRONA SHARMAApril 23, 2020 at 10:47 AM

    DRONA SHARMA
    Roll No. 41
    11-A

    ReplyDelete
  54. ArnasApril 23, 2020 at 10:47 AM

    Arnas Kumar
    11-A
    Roll No. 29

    ReplyDelete
  55. UnknownApril 23, 2020 at 10:47 AM

    Sujay massey
    11-A
    Rollno. 32

    ReplyDelete
  56. Vareny ManchandaApril 23, 2020 at 10:47 AM

    Good morning ma'am
    Divye Manchanda
    11 A
    Roll no 30

    ReplyDelete
  57. Aryan DheerApril 23, 2020 at 10:49 AM

    Aryan Dheer
    11-A

    ReplyDelete
  58. Darell PintoApril 23, 2020 at 10:49 AM

    Darell Pinto
    11-A
    34

    ReplyDelete
  59. UnknownApril 23, 2020 at 10:50 AM

    Saksham Kathuria
    11-A

    ReplyDelete
  60. Reuben JosephApril 23, 2020 at 10:52 AM

    Reuben Joseph
    11-A
    Roll no.23

    ReplyDelete
  61. SURYANSH GOVINDApril 23, 2020 at 10:59 AM

    SURYANSH GOVIND
    11-A
    ROLL NO 14

    ReplyDelete
  62. Vansh KohliApril 23, 2020 at 11:04 AM

    Vansh Kohli
    ,11-A

    ReplyDelete
  63. Aadit ManglaApril 23, 2020 at 11:10 AM

    Aadit Mangla 11-A

    ReplyDelete
  64. Pranav DhawanApril 23, 2020 at 11:24 AM

    Pranav dhawan
    Roll no. 9
    11-A

    ReplyDelete

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