Introduction to commerce I

AgricBusiness Studies J.S.S 1 First Term

WEEK 6

Introduction to commerce I

Performance Objectives

The student should be able to:

     1. Define commerce.

     2. List the importance of commerce.

Content

Definition of Commerce

Commerce is the study of trade and aids to trade. It is concerned with the exchange of goods and services and the agencies that facilitate the exchanges.

Branches of Commerce

There are two branches of commerce: which are trade and aids to trade.

Trade refers to the act of buying and selling of goods and services.  Aids to trade refer to the other activities that help facilitate trade.

Importance of Commerce

1. Commerce serves as a link between manufacturers, wholesalers and retailers.

2. Provides…