Skip to content
Question 20 of 31

Q.______ acts as a connective link between the Producer and the Consumer.

(a) Commerce
(b) Trade
(c) Business
(d) Industry
Puducherry TnboardTamil Nadu HSC First Year (DGE) Commerce Board 2024MCQ· 1mImportance★★★★★
65% · 20/31 Questions
🔒 Locked · start free trial →

You're viewing a preview — the full solution, concept, methods & PYQ mapping are locked.

Start your 14-day free trial to unlock the full solution →

Commerce acts as the connective link between the producer and the consumer, option (a).

Business activity is classified into industry and commerce. Commerce is that part of business concerned with the distribution of goods and services; it includes trade (the actual buying and selling) and the aids to trade (transport, banking, insurance, warehousing, advertising, etc.). Goods produced by industry are of no use until they reach consumers, and several hindrances stand in the way — hindrance of place (distance), time (gap between production and consumption), finance, risk, and lack of information. Commerce removes all these hindrances and thereby links producers with consumers.

…

Unlock everything free for 14 days

  • Full step-by-step solutions
  • Concept-first explanations
  • Methods, shortcuts & mistakes
  • PYQ mapping + timed mock tests

Full access for 14 days. No credit card required.