represents both supply and demand . Utility creation: It creates form utility by changing the form or shape of materials It creates place utility by moving goods from producers to consumers It creates possession utility through exchange is necessary to communicate information from one to another to finalize and settle the terms of sales such as price of goods, discount allowed, the facility of credit and so on Internet, telephone, teleconference, email play on important role in establishing contact between businessman producers and consumers. vii. Advertising and salesmanship Advertising frisbee knowledge cap and it solves the difficulty of information Advertising helps consumers to know about the various brand manufactured by several manufacturers The media used to advertise products for Radio, Newspapers, Magazines, Television, Internet, Billboard and so on commerce - - .
. PM c. Processing Industry d. None of the above .
Normally high level risk involved in a. Industry b. Commerce c. Trade d.
All of the above Answers . c . c . a II.
Very Short Answer Questions: . Define Commerce. . What do you mean by Industry?
. What it trade? III. Short Answer Questions: .
What do you mean by tertiary industries? . Write a short note on Transportation. IV.
Long Answer Questions: . Compare Industry, Commerce and Trade. (any ) . Write a short notes on: a.
Analytical industry b. Genetic industry c. Construction industry Salesmanship is a skillful art of selling commercial goods. It facilitates personal selling.
Many times the sales force is required to book orders directly from dealer or customers. It is very much required in the sales of services and industrial goods Key Terms Industry Commerce Trade Exercise I. Choose the Correct Answer . The industries engaged in extraction of iron ore are known as a.
Construction Industries b. Manufacturing Industries c. Extraction Industries d. Genetic Industries .
Production which involves several stages for manufacturing finished products is known as a. Analytical Industry b. Synthetic Industry commerce - - . .