Commerce SSS1 First Term
A student should be able to:
- Highlight the meaning and function of Wholesaler to Manufacturer and Retailer
- Explain the scope of Commerce
- Outline the characteristics of commerce.
- List the functions of commerce
- Describe e-commerce
Commerce can be defined as all the activities involved in the distribution and exchange of goods and services. It is a branch of production which is concerned with the distribution, exchange of goods and services and all activities that facilitates trade, e.g. banking, insurance etc.
Scope of Commerce
Commerce can be divided into trade and all activities that aid trade. It may also be seen as all activities that ensure the distribution and exchange of goods and services for the satisfaction of people.
Trade may be.... View More
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