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. […]
Commodity Exchange in Commerce, Types, Methods, Benefits Read More »
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
Divisions Of Foreign Trade In commerce Read More »
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
Problems Associated With International Trade In Commerce Read More »
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.
Problems Of Distribution Of Commodities In West Africa Read More »
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
Channels Of Distribution in commerce, Factors, Reasons Read More »
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
Types Or Classification Of Wholesalers, Functions Read More »
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
Wholesale Trade | Characteristics And Functions Read More »
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
Features of Mail Order, Advantages And Disadvantages Read More »
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
Features of Retail Co-operative society, Advantages, Disadvantages Read More »
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
Large Scale Retailing | Advantages and Disadvantages Read More »
Hello, welcome to this hall on Features of Hypermarket: Discover in this hall, what a hypermarket is and how it combines the features of supermarkets and department stores. Learn about its benefits, key features, and the impact on modern retail in our comprehensive overview. Table Of Contents See Also Introduction In today’s fast-evolving retail landscape,
Features of Hypermarket, Advantages and Disadvantages Read More »
Discover in this hall, the features of departmental stores, advantages and disadvantages of department stores, where variety and convenience meet personalized service. Table Of Contents See Also Meaning Of Departmental stores Meaning: The departmental store is a collection of shops under One roof with ownership of each shop or department specializing in selling a special
Features of Departmental stores, Advantages, Disadvantages Read More »
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
Features of Chain Stores, Advantages and Disadvantages Read More »
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
Types Of Specialisation And Exchange in commerce Read More »
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.
History Of Commerce And The Barter System Read More »
Hello welcome to this class. In this class we are going to be looking at the Topic: Functions of the Nigerian export promotion council: Table Of Contents NIGERIAN EXPORT PROMOTION COUNCIL NEPC was set up to assist exporters in the course of exporting goods and to set out procedures for export trade. The council also
Nigerian Export Promotion Council And Thier Functions Read More »
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
Functions Of Ports Authority | Meaning Read More »
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
Functions Of Customs Authority | Meaning Read More »
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
Functions Of Airports Authority | Meaning And Examples Read More »
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
Kinds And Formation Of Partnership, Provisions, Conditions Read More »
