Tag: Commerce
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What are supermarkets?
Supermarkets Large self service stores offering grocery items They are smaller than the hypermarkets Do not necessarily provide parking Encourages the customer to do impulsive buying
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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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Revision for GCSE Commerce
These revision notes can be used to revise for the exams and tests. They are simple, useful and concise. You can use these revision notes for Commerce GCSE, IGCSE and O-level examinations. Remember, they are FREE and please share this website with your friends! Revision for GCSE Commerce topic 1 Revision for GCSE Commerce topic…
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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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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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Construction industries
Construction industries The industry in which land development is done Repairing, building or renovating Examples: House building Plaza building
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Primary production
Primary production Primary sector involves changing natural resources into primary products The primary sector of the economy extracts or harvests products from the earth. Examples: Fishing , mining Farming Forestry
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The chain of production
Chain of production The chain of production involves a series of stages, which add value to the end product Production chain is the steps taken to convert raw materials into goods Primary, Secondary and Tertiary
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Importance of production
Importance of production Definition: Creation of value Goods and services are produced to satisfy needs and wants of the people