COMMERCE

Foreign trade, otherwise called international trade, is the exchange of goods and services between two or more countries. The principle underlying the buying and selling between one country and another ...

Production can simply be defined as the creation of utility or production is the creation of goods and services which satisfy human wants. All goods and services produced must possess ...

HISTORY OF COMMERCE IN NIGERIA In the olden days, people engaged in subsistence production. This means they were producing goods for themselves and their families. Later they started interacting with ...

MEANING OF COMMERCE Commerce can simply be defined as all the activities involved in the distribution and exchange of goods and services. In other words, commerce is a branch of ...

MEANING OF CREDIT Credit occurs when a seller grants permission to a buyer to take possession and enjoy a commodity with a promise to pay in the future. It is ...

TYPES OF INTERNATIONAL TRADE DOCUMENTS There are various documents which facilitate international trade. These documents are as follows: Consular invoice. Bill of lading. Certificate of origin. Shipping note. Airway bills ...

MEANING OF STOCK EXCHANGE Stock exchange market is a highly organised market where investors can buy and sell existing securities like shares, stocks, debentures, gilt edge etc. This is a ...

MEANING OF PAYMENT Payment can be defined as the process or means of settling financial or business transactions. It is also referred to as the settlement of outstanding debts between ...

Wholesaling is a business activity which entails buying of goods in bulk from the producer and selling in small quantities to the retailers and other merchants. A wholesaler is a merchant ...

Small scale retailing is retail trading with small scope of operations. Little capital can be used to set up small scale retailing trade such as: Hawking /itinerant/peddling. Mobile shops. Street ...