What is commerce ?

Commerce is the study that relates to the distribution of products from the producer to the end user.

Chain of Production

Products are the goods and services produced by an individual or a company, to satisfy the needs and wants of the customers.

Production is any activity which serves to satisfy human needs and wants. It means changing the form of resources and adding value to them according to the desires of the consumer.

Chain of production

The chain of production involves a series of stages, which add value to the end product. Production chain is the steps taken to convert raw materials into goods. It combines all the three stages of production and ends when the form of good is changed. Production cycl

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