Define ‘commerce’ in business terminology? Briefly explain the classification of commerce with suitable examples.

Commerce, in business terminology, refers to the broad spectrum of activities and processes involved in the exchange of goods and services between producers and consumers. It encompasses the various elements of trade, such as buying and selling, distribution, marketing, and all the related activities that facilitate the movement of products and services from manufacturers to end-users. Commerce is an integral part of the business world, as it plays a crucial role in ensuring the efficient allocation of resources, enhancing economic growth, and meeting the diverse needs and demands of consumers. To gain a deeper understanding of commerce, let's explore its classification with suitable examples.

Classification of Commerce:
Commerce can be classified into several categories based on various criteria, including the nature of transactions, the parties involved, and the methods of exchange. The primary classifications of commerce are:

1. Based on Nature of Transactions:
   a. B2B (Business-to-Business) Commerce:
      - In B2B commerce, transactions occur between two or more businesses. These transactions involve the exchange of goods, services, or information among organizations.
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