Which of the following is not the function of commerce
Answer Details
The function of commerce refers to the activities involved in the exchange and distribution of goods and services. It includes the conversion of raw materials into finished products, the provision of services to customers, and the exchange of goods and services.
Therefore, the option that is not a function of commerce is "the conversion of raw materials into semi-finished products." This is a function of manufacturing, which is a subset of commerce. Manufacturing involves the conversion of raw materials into finished or semi-finished products, while commerce involves the exchange and distribution of these products.
In summary, while commerce involves the exchange and distribution of goods and services, the conversion of raw materials into semi-finished products is a function of manufacturing, not commerce.