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Nature and scope of business Video Lecture - Commerce
FAQs on Nature and scope of business Video Lecture - Commerce
| 1. What is the nature of business commerce? |  |
Ans. Business commerce refers to the buying and selling of goods and services between businesses or individuals. It involves activities such as trading, distribution, marketing, and financial transactions.
| 2. What is the scope of business commerce? | |
Ans. The scope of business commerce covers a wide range of activities, including international trade, e-commerce, retail and wholesale trade, supply chain management, logistics, and financial services related to business transactions.
| 3. How does business commerce contribute to the economy? | |
Ans. Business commerce plays a crucial role in the economy by promoting economic growth, creating employment opportunities, generating tax revenue for the government, and facilitating the flow of goods and services in the market.
| 4. What are the key challenges in business commerce? | |
Ans. Some of the key challenges in business commerce include intense competition, changing consumer preferences, technological advancements, global economic uncertainties, regulatory compliance, and supply chain disruptions.
| 5. How does e-commerce impact traditional business commerce? | |
Ans. E-commerce has revolutionized traditional business commerce by enabling online buying and selling of goods and services. It has expanded market reach, increased efficiency in transactions, provided convenience to consumers, and transformed business models. However, it has also posed challenges for brick-and-mortar businesses and raised concerns related to cybersecurity and data privacy.
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Nov 22, 2024 Last updated |
Nature and scope of business for Commerce2024 is part of Commerce preparation. The notes and questions for Nature and scope of business
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