FUNCTION OF COMMERCE

1. COMMERCE IS A GAME OF
ELEVERNESS WHICH
EVERYONE CAN PLAY. THE
MODERN DAY COMMERECE
DIRECTLY OR INDIRECTLY
EFFECT AN ORGANISATION

2. Commerce is a division of trade or production
which deals with the exchange of goods and
services from producer to final consumer. It
comprises the trading of something of economic
value such as goods, services, information or
money between two or more entities. Commerce
functions as the central mechanism which drives
capitalism and certain other economic systems
(but compare command economy, for example).
Commercialization or commercialisation consists
of the process of transforming something into a
product, service or activity which one may then
use in commerce.

3. COMMERCE IS A SYSTEM BY
“
WHICH RAW MATERIALS AND
DISTRIBUTED TO INDUSTRY
AND FINISHING PRODUCTS IN
A CONSUMERS”
BY DEREK LOBLEY

4. “COMMERCE IS CONCERENED WITH EXCHANGE OF
GOODS , WITH ALL THAT IS INVOLVED WITH THE
BUYING AND SELLING OF GOODS AT ANY STAGE IN
THERIR PROGRESS FROM RAW MATERIAL TO
FINISHING GOODS IN CONSUMER’S HANDS. IT COVERS
NOT ONLY FUNCTIONS OF BUYING SELLING AND
HANDLING OF GOODS BUT ALSO THE MANY SERVICES
WHICH MUST BE PROVIDED TO FINANCE , INSURANCE
STORES AND TRANSFER OF GOODS, ALSO THE MANY
SERVICES WHICH MUST BE PROVIDED IN THE COUSE
OF THESE ECHANGE”

5. “COMMERCE IS THE DISTRIBUTION AND
EXHANGE OF ALL SURPLUS GOODS PRODUCED
IN THE FIELDS, MINES , SEAS, FORESTS AND
FACTORIES OF THE EARTH SO THAT THEY REACH
THE FINAL CONSUMER IN THE RIGHT PLACE,
AND THE RIGHT CONDITION , AT THE RIGHT
TIME IN THE RIGHT QUANTITY AND AT THE
RIGHT PRICES”

6. “COMMERCE IS WIDER THAN BUSINESS
ADMINISTRATION AND INCLUDES LAW,
SOCIOLOGY, ACCOUNTING AND
STATISTICAL METHODS WHEREAS BUSINESS
ADMINISTRATION IS CONCERNED WITH
INTERNAL MANAGEMENT AND DIRECTION
OF FIRM”

7. “COMMERCE IS A STUDY OF ALL OF US ENGAGED IN
THE PRODUCTION OF GOODS AND SERVICES , IN
DISTRIBUTION AND PROFESSIONS AND STUDY OF
ALL OF US AS CONSUMER LEARNING TO PLAN AND
BUY WISELY IN AN AGE WHEN SHOPPING IN
BECOMING A TECHNICAL”

8. 1. EXCHANGE OF GOODS AND SERVICES
2. ECONOMIC ACTIVITIES
3. PROFIT MOTIVE
4. RISK AND UNCERTAINTY
5. CREATING UTILITY

9. 1. COMPETITION
2. USEFUL OF SOCIETY
3. FOUNDATION OF MODEN SOCIETY
4. LIFE LINE OF MODEN WORLD
5. COMMERCE IS THE BACK BONE OF POLITICAL SYSTEM

10. TRADITIONAL MODEN
FUNCTION FUCNTION

11. TRADITIONAL FUNCTION
1. TRADE
2. TRANSPORT
3. BANKING
4. INSURANCE
5. WAREHOUSING
6. PACKAGING
7. ADVERTISING
8. SALESMANSHIP
9. COMMUNICATION

12. MODEN FUCNTION
1. PRODUCTION
2. FINANCE
3. PERSONNEL
4. MARKEING
5. ACCOUNTING

13. TRADE IS DIVIDED INTO TWO PARTS HOME
TRADE AND FOREIGN TRADE . HOME TRADE