Commerce

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FUNCTION OF COMMERCE

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Commerce

  1. 1. COMMERCE IS A GAME OFELEVERNESS WHICHEVERYONE CAN PLAY. THEMODERN DAY COMMERECEDIRECTLY OR INDIRECTLYEFFECT AN ORGANISATION
  2. 2. Commerce is a division of trade or productionwhich deals with the exchange of goods andservices from producer to final consumer. Itcomprises the trading of something of economicvalue such as goods, services, information ormoney between two or more entities. Commercefunctions as the central mechanism which drivescapitalism and certain other economic systems(but compare command economy, for example).Commercialization or commercialisation consistsof the process of transforming something into aproduct, service or activity which one may thenuse in commerce.
  3. 3. COMMERCE IS A SYSTEM BY “WHICH RAW MATERIALS AND DISTRIBUTED TO INDUSTRYAND FINISHING PRODUCTS IN A CONSUMERS” BY DEREK LOBLEY
  4. 4. “COMMERCE IS CONCERENED WITH EXCHANGE OFGOODS , WITH ALL THAT IS INVOLVED WITH THEBUYING AND SELLING OF GOODS AT ANY STAGE INTHERIR PROGRESS FROM RAW MATERIAL TOFINISHING GOODS IN CONSUMER’S HANDS. IT COVERSNOT ONLY FUNCTIONS OF BUYING SELLING ANDHANDLING OF GOODS BUT ALSO THE MANY SERVICESWHICH MUST BE PROVIDED TO FINANCE , INSURANCESTORES AND TRANSFER OF GOODS, ALSO THE MANYSERVICES WHICH MUST BE PROVIDED IN THE COUSEOF THESE ECHANGE”
  5. 5. “COMMERCE IS THE DISTRIBUTION ANDEXHANGE OF ALL SURPLUS GOODS PRODUCEDIN THE FIELDS, MINES , SEAS, FORESTS ANDFACTORIES OF THE EARTH SO THAT THEY REACHTHE FINAL CONSUMER IN THE RIGHT PLACE,AND THE RIGHT CONDITION , AT THE RIGHTTIME IN THE RIGHT QUANTITY AND AT THERIGHT PRICES”
  6. 6. “COMMERCE IS WIDER THAN BUSINESSADMINISTRATION AND INCLUDES LAW,SOCIOLOGY, ACCOUNTING ANDSTATISTICAL METHODS WHEREAS BUSINESSADMINISTRATION IS CONCERNED WITHINTERNAL MANAGEMENT AND DIRECTIONOF FIRM”
  7. 7. “COMMERCE IS A STUDY OF ALL OF US ENGAGED INTHE PRODUCTION OF GOODS AND SERVICES , INDISTRIBUTION AND PROFESSIONS AND STUDY OFALL OF US AS CONSUMER LEARNING TO PLAN ANDBUY WISELY IN AN AGE WHEN SHOPPING INBECOMING A TECHNICAL”
  8. 8. 1. EXCHANGE OF GOODS AND SERVICES2. ECONOMIC ACTIVITIES3. PROFIT MOTIVE4. RISK AND UNCERTAINTY5. CREATING UTILITY
  9. 9. 1. COMPETITION2. USEFUL OF SOCIETY3. FOUNDATION OF MODEN SOCIETY4. LIFE LINE OF MODEN WORLD5. COMMERCE IS THE BACK BONE OF POLITICAL SYSTEM
  10. 10. TRADITIONAL MODENFUNCTION FUCNTION
  11. 11. TRADITIONAL FUNCTION1. TRADE2. TRANSPORT3. BANKING4. INSURANCE5. WAREHOUSING6. PACKAGING7. ADVERTISING8. SALESMANSHIP9. COMMUNICATION
  12. 12. MODEN FUCNTION1. PRODUCTION2. FINANCE3. PERSONNEL4. MARKEING5. ACCOUNTING
  13. 13. TRADE IS DIVIDED INTO TWO PARTS HOMETRADE AND FOREIGN TRADE . HOME TRADE

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