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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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 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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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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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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Chain stores play a major role in modern retailing by making goods and services easily accessible to consumers across different locations. From supermarkets and fashion outlets to electronic shops and fast-food restaurants, chain stores have become an important part of today’s business environment. In this article on the features of chain stores, we will clearly
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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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Hello, welcome to this class topic on Customs Authority: We are going to be looking at the Meaning of customs authority, and various functions of customs authority in commerce: Table Of Contents MEANING OF CUSTOMS AUTHORITY Meaning: Customs authority can be defined as a department in the ministry of internal affairs charged with the responsibility
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Hello welcome to this class on FUNCTIONS OF AIRPORTS AUTHORITY: The federal airport authority of Nigeria. (FAAN). And examples. Table Of Contents Meaning of federal Airports Authority of Nigeria (FAAN). The federal Airports Authority of Nigeria is a statutory body charged with the responsibility of controlling and managing the airports as well as providing adequate
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Hello welcome to this class on kinds and formations of partnership in commerce. Kinds of partners, formation of partnership, provisions and conditions. Table Of Contents KINDS OF PARTNERS The various kinds of partners are: limited partners, general partner, sleeping partner active partner, and nominal partner. RIGHTS OF PARTNERS FORMATION OF PARTNERSHIP The partnership business may
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Unit stores are among the most common forms of retail business found in both rural and urban areas, and they play an important role in meeting the daily needs of individuals and families. A unit store can be described as a small-scale retail shop owned and operated independently, usually by one person or a family,
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The Nigerian Export Promotion Council (NEPC) is a government agency established with the primary responsibility of promoting, facilitating, and increasing the export of non-oil products from Nigeria to the global market. As part of Nigeria’s economic diversification strategy, the NEPC plays a crucial role in reducing the country’s dependence on crude oil by encouraging the
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Hello welcome to this class on the topic: Nigerian Ports Authority. We would take a look at the meaning of Port Authority and the functions of ports authority. Table Of Contents NIGERIAN PORTS AUTHORITY (NPA) Meaning: The management, controls and general operations of the seaports in Nigeria are handled by the Nigerian ports authority. The
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Mobile shops have become an important part of modern retailing by providing convenient access to phones, accessories, and repair services for customers in different locations. From small roadside outlets to large phone retail centers, mobile shops play a vital role in the distribution of mobile devices and communication products. In this article on the characteristics
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Small scale retail plays a crucial role in the modern economy by catering to the diverse needs of consumers through localized and accessible businesses. Unlike large-scale retail operations, small scale retail focuses on limited product lines, personalized customer service, and community engagement, making it an essential part of both urban and rural markets. Knowing the
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Hello, welcome to this blog on topic: Reasons for commercialization and privatization of public enterprises in commerce. Table Of Content Definition Of Commercialization Definition: Commercialization is a policy geared towards making state owned enterprises to become more efficient and profit oriented. The policy makes it possible for public enterprises to become more viable and effective.
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Features of Market Trading. Hello welcome to another class on the topic: MARKET TRADING. In this class we are going to be looking at the meaning of market trading, Features of Market trading, the advantages and disadvantages of Market trading. Table Of Content Definition of Market Trading Market trading is another method of retail trade
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In this blog Post, we are going to be looking at types of customer services, meaning of customer services, their functions and their importance. Table Of Contents Meaning of Customer Services Definition: Customer services are services which a company can adopt in order to attract customers to their business and to endear itself to them.
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A Bureau De Change is a financial institution or outlet that specializes in the exchange of foreign currencies. It provides a convenient way for individuals, tourists, and businesses to convert one currency into another. Bureau De Change plays a vital role in facilitating international trade, travel, and investment by offering accessible and quick currency exchange
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In this class I will be taken you on the Topic: Meaning and Types of Cheque in Economics OVERVIEW OF CHEQUE: Definition, features or characteristics of a cheque, advantages of payment by cheque, precautionary measures to be taken when drawing a cheque, parties to a cheque, types of cheque. Forms of cheque and reasons why
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