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Friday, March 19, 2021

What is commerce

 What is commerce?


Commerce can be defined as all the activities involved in the distribution and exchange of good and services. commercial made it possible for produced goods to reach the final consumer.  Is also the process of buying, selling and distribution of goods and services.


What is Commercial occupation


This are people involved in distribution and exchange of goods and services produce by the industrial sector.


Example of industrial workers are:

1. Advertisers

2. Bankers

3. Traders

4. Importer

5. Exporter


Types of commercial occupation

1. Advertising: this is the process of providing information about the existence of a product to the potential buyers. Advertising create awareness for the product.

2. Banking: this occupation include people who assist others to have money for their daily needs. They also provide capital for those embarking on industrial activities and saving facilities. Eg; Bankers.

3. Trading: this is the activity of all people engaged in buying and selling of goods and services. 

Note: people who engaged in trading activities within a country are wholesaler and retailer, while foreign trade involved importer and exporter.


4. Importing: To bring goods in from a foreign country, especially for sale or trade.


5. Exporting: to export goods to a foreign country for sales or trade.

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