Monthly Archives: May 2017

Storing / Warehousing

Without storing commercial functions cannot be imagined. Goods must be stored before they are sold. It is needed at once after production. It refers to holding the goods when they are produced until they are consumed. Storing creates time utility. There are many kinds of stores and warehouses where surplus goods are stocked awaiting their … Continue reading

Scope/ Function /Importance of Commerce

The scope and range of commerce can be determined from the fact that it includes production, marketing, banking, finance, transporting, warehousing, insurance, and information. These factors or elements of commerce are discussed in the lines to follow. Production: Business function starts with the planning for production which is conversion of materials from one form to … Continue reading