Commercial activity
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Unlike non-commercial activities (Activities that are not related to earning money through buying and selling things)[1] ,commercial activities refer to for-profit activities that generate money[2] in professional formats and carried out in order to gain profit.
In commercial activities, goods and services are exchanged between two or more parties with the sole purpose of making a profit .Commercial activities include : Buying, selling, leasing or otherwise providing something of economic value such as goods, services, information, etc.
The term “commercial activity” means all activities of industry and trade, including, but not limited to, the buying or selling of commodities and activities conducted for the purpose of facilitating such buying and selling: Provided, however, That it does not include exhibition of commodities by museums or similar cultural or historical organizations[3]
Commercializing a good or service means introducing it to the market, that is, making it the subject of profit-making activity.[4]
Commercial activities may be in various fields and include various items including :
- Commercial real estate – real estate used for doing Commercial activities and various types of businesses.[5] The term is well used in the retail world, such as in store establishments , shopping centres.
- Commercial service– a service which is provided in exchange for income.
- Commercial management
- Commercial law – legal concepts related to contracts in business activities.[6]
See also[edit]
References[edit]
- ↑ dictionary.cambridge.org. "Non-commercial ctivities".
- ↑ Heaslip, Emily (2020-03-30). "Nonprofit, Not-for Profit & For-Profit Organizations Explained". www.uschamber.com. Retrieved 2023-11-24.
- ↑ "§ 14-08 Commercial Activities". American Legal Publishing. Retrieved 2023-11-24.
- ↑ York, University of. "Commercialisation process". University of York. Retrieved 2023-11-24.
- ↑ "commercial-real-estate".
- ↑ "Commercial Law". Oxford Reference. Retrieved 2023-11-24.
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