BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Market is a location, more like a physical place, where buyers and sellers meet to exchange their goods and services. In economics, the term ‘market’ does not refer to a particular place as such, but it refers to shops for one commodity or a set of commodities.

Detailed explanation-2: -Commerce is an exchange between two parties of goods or services for money. The word often implies large-scale transactions.

Detailed explanation-3: -Bartering is the exchange of goods or services. A barter exchange is an organization whose members contract with each other (or with the barter exchange) to exchange property or services.

Detailed explanation-4: -The exchange of goods in return for other goods or services is called Barter System.

Detailed explanation-5: -Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. For instance, a farmer may exchange a bushel of wheat for a pair of shoes from a shoemaker.