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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market3 Marks
Question
Give the features of Commerce.
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Answer

  1. It deals with activities which facilitate exchange of goods/ services.
  2. It deals with transfer of goods from one place of production to ultimate consumers.
  3. It help to break the barriers between producers and consumers.
  4. Time place and possession utilities are created.

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