Hello welcome to this blog on COMMODITY EXCHANGE: Table Of Contents At the end of this blog you should be able to: DEFINITION OF A COMMODITY In commerce, a commodity refers to a marketable item produced to satisfy wants on needs. Economic commodity is comprises of goods and services. Commodity is specifically applied to goods. […]
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Hello, welcome to this Class on the divisions of foreign trade in Commerce, meaning, i.e, import, export and entrepot. Introduction “Explore the division of foreign trade in commerce, its key components, significance, and challenges. Learn how it shapes global markets and drives economic growth.” Table Of Contents Foreign trade plays a vital role in shaping
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In this blog we are going to be looking at barriers or problems associated with international trade or foreign trade from problems of distance, difference in currency to problems of Communication and transportation. Table Of Contents There are so many problems associated with international trade, but the following can be identified: Revision Question
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Hello, welcome to this hall on the problems of distribution of commodities in West Africa. i.e, inadequate infrastructures, inadequate storage, etc. Table Of Contents Like we stated in our previous article on channels of distribution. Middlemen (wholesalers and retailers) do encounter lot of problems in the course of a distribution of commodities in West Africa.
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Hello welcome to this blog on Channels Of Distribution in commerce: Table Of Contents Channels of Distribution The channel is a pathway through which goods move from the producer to the consumers. It is the path through which the ownership of products is transferred and is moved from the producer to customers. Middlemen: The middlemen
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Welcome to this blog on TYPES or CLASSIFICATION of WHOLESALERS in commerce. Functions of merchant wholesalers and agent middlemen. Table Of Contents Types or classification of Wholesalers Wholesalers can be classified into two broad categories, mainly: merchant wholesalers and agent middlemen. Merchant wholesaler: The merchant wholesaler buys and resells goods on their own account taking
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Hello welcome to this blog on wholesale Trade in commerce: Table Of Contents Meaning of wholesale Trade Wholesale trade or wholesaling: wholesaling is the business activity which entails buying of goods in bulk from the producer and selling a small quantities to the retailer and other merchants. A wholesaler is a merchant who purchases goods
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Hello welcome to this blog on Mail Order in business: We will look at the Features of mail order, the meaning, advantages and disadvantages of mail order in commerce. Table Of Contents At the end of this article, students should be able to: Meaning of Mail Order Meaning: Mail order is a form of large
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Hi, welcome to this hall on the features of Retail Co-operative Society. Table Of Contents RETAIL CO-OPERATIVE SOCIETY Meaning: Retail co-operative society is a form of co-operative in which many small independent retailers pool their resources together to enable them make bulk purchases and then sell the goods at lower prices to their members. The
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Hello, welcome to this blog on Large Scale Retailing Trade in commerce. Table Of Contents LARGE SCALE RETAILING Meaning: Large scale retail trade refers to the purchase of bulk and sales of goods and services by businesses or organizations on massive scale. Large-scale retailers achieve their growth by increasing the physical size of their units
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The features of hypermarket, In today’s fast-evolving retail landscape, the way consumers shop for goods and services has undergone a significant transformation, driven by the demand for convenience, affordability, and variety. Among the major developments in modern retailing is the emergence of large-scale shopping formats, one of which is the hypermarket. These expansive retail establishments
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Departmental stores are large retail establishments that bring together a wide variety of goods and services under one roof, offering shoppers the convenience of purchasing everything from clothing and household items to electronics and groceries in a single location. In this blog, we will explore the main features of departmental stores, their advantages and disadvantages,
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Welcome to this class on the features of Chain Stores: We will be looking at the meaning, advantages and disadvantages in this class. Table Of Contents Chain Stores or multiple stores A chain store is a group of stores of essentially the same type owned with some degree of centralized control of operation and selling
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In this class we are going to be looking at Types Of specialisation: Meaning, and exchange in commerce. Table Of Contents Definition of specialisation Definition: Specialization is defined as the concentration of the productive effort of an individual, a firm or country in a given aspect of economic activity or on a particular line of
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Hello welcome to this class on the History of commerce and the barter system or trade by barter. Table Of Contents At the end of this article, student should be able to: HISTORY OF COMMERCE In the olden days, people engage in subsistence production. This means they were producing goods for themselves and their families.
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