COMMERCE
Travel through Commerce Knowledge Hub
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COMMERCE THROUGH SCRATCH
Commerce is the exchange of goods and services between businesses. In a broad sense, governments try to manage trade to make their people happier and healthier by creating jobs and making useful goods and services.
ETYMOLOGY
The English-language word commerce has been derived from the Latin word commercium, from com ("together") and merx ("merchandise")
EVOLUTION
“We think of globalisation as a uniquely modern phenomenon; yet 2,000 years ago too, it was a fact of life, one that presented opportunities, created problems and prompted technological advannce." by Peter Frankopan.
The history of commerce is, in many ways, a history of the world. Commerce and international trade shaped and were shaped by geography, climate, politics, peace, war, fashions, gastronomic taste, language, and so much more. From the Silk Road, which connected China and the Far East with the Middle East and Europe, to the advent of ecommerce, the act of exchanging one thing of value for another has had an incredible impact on the world and vice versa.
Commerce has a full suite of financial services to suit every need
TRANSPORTATION
Transportation helps in removing hinderances of place by transferring goods from the place of production to the place of consumption.
ADVERTISING
One of the major problem faced by the manufacturer is how to inform consumers about the various products manufactured or sold by them. Advertisement informs about the existing and new products, their prices, qualities, features etc.
INSURANCE
Various types of risk are involved in all types of business activities such as death and disability of owner, loss of properties by fire and theft, perils of sea during shipment of goods etc. These risks cannot be eliminated completely but they can be reduced to a great extent through insurance cover. Insurance companies takeover the specified risk of business by selling insurance policy in consideration of insurance premium.
Journey Towards
Knowledge Hub: Commerce PWC
E-CONTENT
Overheads
Process Costing
Fundamental Analysis
Evolution of GST
Appointment of Auditors
Contract of agency
