Go Back
DIVITION OF COMMERCE



Commerce can be divided into several key areas, each focusing on different aspects of the buying and selling of goods and services. Here are the main divisions:

(1) Trade (2) Aids to Trade
(3) E-commerce (4) Banking and Financial Services
(5) Auxiliary Services:



TRADE

Trade is divided into two:

Domestic/Home Trade International/Foreign Trade
  1. Domestic Trade: Buying and selling goods within the same country.

    • Wholesale Trade: Buying goods in large quantities from producers and selling them in smaller quantities to retailers.

    • Retail Trade: Selling goods in small quantities directly to consumers.

  2. International Trade: Buying and selling goods between countries.

    • Export Trade: Selling goods to other countries.

    • Import Trade: Buying goods from other countries.

    • Entrepot Trade: Importing goods for the purpose of re-exporting them.


Aids to Trade

  1. Transport: Moving goods from one place to another.

  2. Warehousing: Storing goods until they are needed.

  3. Banking and Finance: Providing financial services like loans, payments, and investments.

  4. Insurance: Protecting businesses against risks and losses.

  5. Advertising and Marketing: Promoting products and services to attract customers.

  6. Communication: Facilitating the exchange of information between businesses and consumers.


E-commerce:
  1. Online Retailing: Selling goods directly to consumers through websites and apps.

  2. Business-to-Business (B2B): Transactions between businesses conducted online.

  3. Business-to-Consumer (B2C): Transactions between businesses and individual consumers conducted online.

  4. Consumer-to-Consumer (C2C) : Transactions between individual consumers, often through online platforms.


Banking and Financial Services:
  • Commercial Banks: Provide everyday banking services such as deposits, loans, and payments.

  • Investment Banks: Assist in raising capital, mergers, and acquisitions.

  • Insurance Companies: Offer protection against various risks.

  • Stock Markets: Platforms for buying and selling stocks and other securities.


Auxiliary Services:
  • Legal Services: Ensuring businesses comply with laws and regulations.

  • Accounting and Bookkeeping: Managing financial records and ensuring accurate financial reporting.

  • Consulting Services: Providing expert advice to improve business operations.

  • Logistics Services: Managing the flow of goods from origin to destination efficiently.



CHECK OTHER RELATED TOPICS HERE


  1. COMPONENTS OF BUSINESS STUDIES

  2. THE OFFICE


  3. MEANING OF OFFICE STAFF

  4. TYPES OFFICE STAFFS

  5. CLERICAL STAFF


  6. CONFIDENTIALITY OF OFFICE INFORMATION

  7. RIGHT ATTITUDE TO WORK


  8. PUNCTUALITY AND REGULARITY

  9. DEVOTION TO DUTY

  10. DEPARTMENT IN AN OFFICE/ORGANISATION

  11. PERSONNEL PLANNING TRANSPORT

  12. INTRODUCTION TO COMMERCE

  13. ACTIVITIES WHICH AID COMMERCE/TRADE

  14. INTRODUCTION TO BUSINESS STUDIES


  15. PRODUCTION

  16. ECONOMIC DIVISION


  17. FACTORS OF PRODUCTION

  18. EFFECT OF PRODUCTION ON THE ENVIRONMENT/SOCIETY



TELL US YOUR VIEWS





VIEWS







Reach us on whatsapp
Email Us