You must complete Introduction to Business Studies to unlock this Lesson.

INTRODUCTION TO COMMERCE

CONTENT

  1. Meaning and Importance of Commerce
  2. Activities which Aid Commerce

Definition of Commerce

Commerce is the study of trade and aids to trade. It is concerned with the exchange of goods and services and the agencies that facilitate the exchanges.

Branches of Commerce

There are two branches of commerce: Trade and Aids to Trade.

Trade refers to the act of buying and selling of goods and services. Aids to trade refer to the other activities that help facilitate trade.

Introduction to commerce - Branches of commerce

The Branches of Commerce

Lesson tags: Business Studies Lesson Notes, Business Studies Objective Questions, JSS1 Business Studies, JSS1 Business Studies Evaluation Questions, JSS1 Business Studies Evaluation Questions First Term, JSS1 Business Studies First Term, JSS1 Business Studies Objective Questions, JSS1 Business Studies Objective Questions First Term
Back to: Business Studies – JSS1 (Upper Basic 7) > First Term
© [2022] Spidaworks Digital - All rights reserved.
error: Alert: Content is protected !!