What?

A techno-commercial interaction is among persons and organisations that are involved in the trade, production and consumption of commercial goods and services. Exchanges typically involve financial assets and must comply with the institutions (including regulations) prevailing in the traders' countries.

Contracts may bind several principals.

The context of techno-commercial interactions is a social order (sociotope). The social order may have less or more features of a techno order (technotope).

The variety in the techno-commercial interactions is enormous.

Techno-commercial interactions connect the value addition by participants in all sectors included in the sections of the ISIC classification in activities covered by the International Standard Industrial Classification of All Economic Activities, Rev.4, in accordance with contracts that comply to national trade regulations, international trade agreements, and terms agreed by contractants (for instance Incoterms).

The extent of the produced and exchanged goods is evident from the Harmonized Commodity Description and Coding System (HS, Harmonized System) (with use illustrated in the Singapore Trade Classification, Customs & Excise Duties 2012).

How this variety affects the implementation of information systems is addressed at VAT compliance in ERP Systems.

Trade and Production are therefore defined in general terms.

Remarks

Economic activities

Techno-commercial interactions are an important feature of any economic activity: