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Commerce PowerPoint Presentation

Commerce

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Commerce

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Presentation Transcript

  1. Commerce First term scheme of work SS1

  2. Introduction to commerce • Commerce is the buying, selling and distribution of goods and services to satisfy human wants. • SCOPE: commerce is divided into trade and aids to trade.

  3. TRADE Trade is divided into home trade and foreign trade. • Home trade; is the buying and selling of goods and services within a country. It is divided into wholesale and retail trade • Foreign trade is the buying and selling of goods and services between two or more countries .it is divided into export, import and entrepot.

  4. Aids to Trade • Aids to trade: are the activities that make buying and selling easier. They are also called ancillaries to trade. They include: advertising, banking, communication, insurance, tourism, warehousing, transportation

  5. FUNCTIONS OF COMMERCE • Provision of employment • Warehousing of goods • Exchange of goods and services • Improvement in the standard of living • Provision of assistance to trade • Leads to interdependence

  6. Promotes rapid transfer of information • Transportation function • Facilitates international co-operation • Risk bearing • Economic growth and development • Mass production of goods

  7. ELECTRONIC COMMERCE ( E- COMMERCE) • This is the process of buying, selling, and marketing of goods and services over the internet. • FORMS OF E – COMMERCE • E- retailing • Market data gathering through web • Electronic data interchange • E- mail and fax • Business to business contact through web

  8. ASSIGNMENT • With the aid of a diagram, illustrate the scope of commerce.