Any five function of commerce

Commerce concerns itself with all those activities that ensure a free and smooth flow of goods and services from producers to consumers.
It consists of trade, and the activities which facilitate trade.
These hindrances have been described below :
1. Hindrance of place: Very often goods are produced at places far away from the points of consumption. Various means of transportation remove this barrier of distance and help to establish a link between the two. Packaging of goods to protect them from damage and pilferage in the course of transit, help remove the hindrance of place and thereby creates place utility.

2. Hindrance of person :The manufacturers and ultimate-consumers of goods are often unknown to each other. They are not always situated at the same place. Therefore, certain people, called traders, are required to bridge the gap between them.

3. Hindrance to Time: Goods are generally produced in anticipation of demand. Therefore, it becomes necessary to store them and make them available as and when the consumers demand them.