Or 1,000,000 pencils! Let us make an in-depth study of the meaning, definition, types and factors of production. Industrial Goods: The 2nd classification of goods is Industrial goods, those goods which are used in the production of consumer or another type of goods for business use. In this ecommerce model, a site might allow customers to post the work they want to be completed and have businesses bid for the opportunity. And the goods are well protected against the elements by the container's metal walls. Or 3,000 game computers! Generally, commerce refers to the exchange of goods, services or something of value, between businesses or … It includes buying & selling of goods & services. Economists refer to a system or network that allows trade as a market.. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services. [need quotation to verify] Barter involves trading things without the use of money. Commerce can be classified into two broad categories: Trade; Aids to trade; Trade. By efficiently loading the goods, they can be transported simultaneously in large quantities. The types of ecommerce by goods. Trade is an integral part of commerce. The trade segment of commerce brings together the manufacturer & the consumer, i.e. This classification is important as the product profile in ecommerce largely defines a seller’s business plan. Physical goods. Affiliate marketing services would also be considered C2B. Types of goods: Normal goods - the quantity demanded of such commodities increases as the consumer’s income increases and decreases as the consumer’s income decreases. One twenty foot container can hold the shopping of 300 trolleys! it is a link between the manufacturer & the consumer. The basic characteristics of industrial goods are. … Trade can be classified into two types: Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a time period all activity which either creates utility during the period or which increases ability of the society to create utility in the future. What is Commerce? Such goods are called normal goods. C2B businesses allow individuals to sell goods and services to companies. Delivery is the process of transporting goods from a source location to a predefined destination.Cargo (physical goods) is primarily delivered via roads and railroads on land, shipping lanes on the sea, and airline networks in the air. Commerce is the conduct of trade among economic agents. These are relatively of a high cost. Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Meaning of Production: .