Category: Commerce
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Changes in consumer behavior
Changes in consumer behaviour Consumers shop less often Consumers are looking for convenience They want all products under one roof Nowadays the customers want to be well informed They want the credit facility
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Services of retailer
Services of retailer to consumer Retailer provides goods at right time and place Provides after sales and customer service Retailer makes sure that the quality is maintained Provides credit to customers Retailer provides quality and variety Services of retailer to wholesaler Breaks the bulk of wholesaler’s products Informs about market demand Retailer does the…
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Ways in which industry commerce and direct services are related
Ways in which industry commerce and direct services are related The industry produces the goods and services Commerce transfers goods and services from producer to consumer Direct services aids the entire process to complete with ease
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Aid for trade
Aids to trade Banking and finance Banks provide accounts, loans, and online banking Communications Buyers and sellers are able to communicate with each other easily by e-mail, telephone Advertising The advertising informs the public that the product or service exists. It converts prospects to customers Transport Transport delivers the raw materials…
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Types of trade
Types of trade Home trade Trade within a country This enables the buyer and seller to conduct sale without problems Wholesale trade Buying and selling (trade) in bulk This enables the wholesalers to buy in bulk and sell to retailers Retail trade Trade with the consumers Retailer buys in small quantities and…
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Trade
Trade Buying and selling of goods and services to make profit The exchange of goods or services with the use of money
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Commerce
Commerce Definition All those activities which are conducted to deliver the goods and services from producer to consumer It may be described as trade and aids to trade. Process of exchange of goods
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Specializations
Levels of specialisation By country Countries specialise in producing certain goods. India specialises in producing tea and china specialises in producing electronic goods By region The gulf countries specialise in extracting or providing oil By town A town may specialise in producing something. Amsterdam specialises in producing flowers By firm A…
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Specialisation and Division of labour
Specialisation and Division of Labour Specialisation To do something at which you are best Division of labour To divide the work into stages Separation of work process into tasks, and each task is performed by a separate person or group
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Tertiary industries
Tertiary industries The industries which are providing services Examples: Banking Hair cutting Doctors