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: |
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TRADE
Trade is divided into two:
Domestic/Home Trade |
International/Foreign Trade |
- Domestic Trade: Buying and selling goods within the same country.
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Wholesale Trade: Buying goods in large quantities from producers and selling them in smaller quantities to retailers.
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Retail Trade: Selling goods in small quantities directly to consumers.
- International Trade: Buying and selling goods between countries.
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Export Trade: Selling goods to other countries.
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Import Trade: Buying goods from other countries.
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Entrepot Trade: Importing goods for the purpose of re-exporting them.
Aids to Trade
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Transport: Moving goods from one place to another.
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Warehousing: Storing goods until they are needed.
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Banking and Finance: Providing financial services like loans, payments, and investments.
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Insurance: Protecting businesses against risks and losses.
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Advertising and Marketing: Promoting products and services to attract customers.
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Communication: Facilitating the exchange of information between businesses and consumers.
E-commerce:
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Online Retailing: Selling goods directly to consumers through websites and apps.
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Business-to-Business (B2B): Transactions between businesses conducted online.
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Business-to-Consumer (B2C): Transactions between businesses and individual consumers conducted online.
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Consumer-to-Consumer (C2C) : Transactions between individual consumers, often through online platforms.
Banking and Financial Services:
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Commercial Banks: Provide everyday banking services such as deposits, loans, and payments.
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Investment Banks: Assist in raising capital, mergers, and acquisitions.
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Insurance Companies: Offer protection against various risks.
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Stock Markets: Platforms for buying and selling stocks and other securities.
Auxiliary Services:
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Legal Services: Ensuring businesses comply with laws and regulations.
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Accounting and Bookkeeping: Managing financial records and ensuring accurate financial reporting.
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Consulting Services: Providing expert advice to improve business operations.
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Logistics Services: Managing the flow of goods from origin to destination efficiently.