Nature, Purpose and scope of Business — OCM STD 11 Commerce — Question
Gujarat BoardEnglish MediumSTD 11 CommerceOCMNature, Purpose and scope of Business2 Marks
Question
“ Due to activities commerce world has become a market. “ – Explain.
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Answer
Due to support services of commerce various barriers of trade have been removed. Because of transportation on land. Air, water have made sale and purchase up to remote places, towns and nations possible.
Due to modern communication means one can come to know the requirement of various countries within seconds and contracts are made as per requirements.
Banking services has made financial transactions with foreign countries very fast and safe. Bonded godown facility is accessible on ports connected with shipment and cargo.
it has made re- export quite smooth, Due to various services of Commerce trade. with almost all countries of the word, has been possible and the word ha become a market.
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