Friday, 22 January 2021

CH 1 -COMMERCE

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COMMERCE

 

·        Commerce is the field of study that deals with business and its operations.

·        Commerce is related to purchase and sale of goods and factors related to them.

·        Commerce is Trade + Aids to Trade (Auxiliaries to Trade)

 

Evelyn Thomas:-

 

"Commercial Occupation deal with the buying and selling of Goods the Exchange of commodities and the distribution of finished goods."

 

Business:

 

Business refers to those Economic activities which are connected with production or purchase and sale of goods or supply of service with the main objective of earning profit.

 

Trade:

Trade means sale, Transfer or Exchange of goods. It helps in making the goods produced available to ultimate consumers or users.

 

    Business

 

    Industry                                                     

 

Primary Industry                                            

Secondary Industry

Tertiary Industry or/and

Service Industry

 

Commerce   

 

Trade                        Aids to Trade

                                  Transport

                                  Banking

                                  Insurance

                                  Warehousing

                                 Communication

                                 Advertising