WHOLESALE TRADE
Wholesale trade (wholesaling) involves the buying of goods in large quantities from the producers or manufacturing and re-selling in small… Read More »WHOLESALE TRADE
Commerce
MODERN TRENDS IN RETAILING
Self-service: This is a method that allows customers to do their shopping in a shop with little or no assistance… Read More »MODERN TRENDS IN RETAILING
LARGE SCALE RETAILING
TYPES OF LARGE SCALE RETAILING A MULTIPLE SHOPS OR CHAIN STORES These are large scale retail businesses consisting of a… Read More »LARGE SCALE RETAILING
SMALL SCALE RETAILING
There are several types of size of retail outlets which for easy analysis can be grouped into two, namely: Small… Read More »SMALL SCALE RETAILING
RETAIL TRADE
Trade (Trading) is the buying and selling of goods and services. It is divided into Home Trade and Foreign Trade.… Read More »RETAIL TRADE
PRODUCTION
Production is the changing of raw materials into finished goods and the distribution and provision of goods and services in… Read More »PRODUCTION
OCCUPATION
Occupation can be defined as any job that is legal in which people are engaged in order to earn a… Read More »OCCUPATION
MEANING, SCOPE AND FUNCTIONS OF COMMERCE
DEFINITION OF COMMERCE Commerce is the study of production, distribution and exchange of goods and services aimed at satisfying human… Read More »MEANING, SCOPE AND FUNCTIONS OF COMMERCE
TERMS OF TRADE
SPECIAL TRADE TERMS AND MEANS OF PAYMENT TERMS OF QUOTING PRICE. CIF (Cost, Insurance and Freight): A price quoted CIF… Read More »TERMS OF TRADE
BUYING AND SELLING DOCUMENTS
Documents used in buying and selling of goods. When business transactions occur, certain documents are drawn up and passed from… Read More »BUYING AND SELLING DOCUMENTS