Two types marketing board
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the process of making sure that the correct level of stock is maintained, to be able to meet demand while keeping the costs of holding stock to a minimum
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Scope of Commerce is vast and never ending as the globe cannot exist without trade and commerce going on.
1.) Banking :- Commerce extends to banking as you need such financial institutions to deal with your money. As it is said , human brain cannot remember everything and anything, You require banks to safeguard your earned money and also get financial assistance in times of business depressions.
2.) Trade :- Commerce involves large scale trade of goods and services , not just between individuals in particular, but also between multinational corporations (MNCs) , & between governments of one or more countries. Without trade , there cannot be commerce.
3.) Goods & Services :- What do you trade between? Definitely some Tangible goods from where you derive benefits for yourself or for your dear ones. It can be Durable or perishable goods, Inferior or Giffen goods, supplementary or complementary goods, Goods of necessity or Prestigious goods and so on. Commerce also exists between intangible goods which are called Services , Which requires a personal touch of the supplier or his subordinates or workers like Hotel services, educational services, Health services, car insurance, health insurance, salon services , stitching services. No matter what kind of a good or service it is, They are all undertaken for a price and hence constitute the scope of Commerce.
4.) Documents of trade :- Various documents are required to be presented as a proof of trade existing between two parties. It may also be required as a record of trade as human mind cannot remember everything forever. Few documents of in-house trade are - Promissory notes, cheques, bills of exchange, hundies, railway receipts, warehouse receipts . Few documents used in foreign trade are - Letters of credit , documents of bills of exchange, bills of lading .
5.) Commercial organisations :- Scope of commerce includes various forms (types) of commercial organisations like:
Sole trading concerns also known as sole-proprietary organizations,
Partnership firms,
Joint-stock companies,
Co-operative societies and
Public sector or state enterprises like government companies.
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Is the process of buying goods from the producers and selling them to the retailers
Is the type of home trade which deals with buying goods from producers in large quantities and selling them to the retailers in large quantities
whole sale trade is a type of trade whereby goods are bought in a large quantity and sell them to relailers in small quantity
is process in which buying goods in large
quantities and sell them in small quantities to the retailers
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refers to the creation of utility in order to sartisfy human wants
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refers to the creation of utility in order to sartisfy human wants
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Is a social science subject that deals with the distribution of goods and services from producers to consumers
Is the study of exchange and distribution of goods and service in order to satisfy human wants
Is the study of exchange and distribution of goods and services from the point of production to the point of consumption to satisfy human needs and wants
Is an art which deals with distribution and exchange of goods and services from the place of production to the final consumer
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Retail trade is the business activity associated with the sale of goods to the final consumer, the ultimate customer.
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The cooperative is, thus, an open-ended concept, while the SACCO is close-ended, limited to holding savings and providing credit to members. SACCOs do not build houses for members; housing cooperatives do.
The following were transactions in the books of Juma
Uniform rate of mark up of 20 percent is applied. Calculate
PLEASE SHOW SOLUTION OKAY
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