Commerce Question

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Naomba kunisaidia hili swali linataka nini.swali ni hili relationship between partnership and sole proprietorship and how their operation depend on each other
 
nisaidieni hapa
"difference between commerce and business"
 
EMMANUEL KASOMI said:
nisaidieni hapa
"difference between commerce and business"
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The following are the differences between business and commerce.
  1. Business is an organization involved in the trade of goods,services or both to consumers in order to get profit, while commerce is the study of exchange and distribution of goods and services in order to satisfy needs.
  2. Business is more physical in the sense that it can be owned by person, while commerce is an abstract idea.
  3. Business refers to the economic activity to generate profit, while commerce involve the activities which are done to facilitate the business.
  4. Business is divided into business unit namely private enterprises and public enterprises, while commerce is divided into two main branch namely trade and aids to trade.
  5. Business as an activity divided into consumers, producers, and distributing, A part commerce is concerned with distress and exchange of foods and services.
 
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