INTRODUCTION TO COMMERCE
Hey Guys, This Year we are going to run by the special Grace
of God a three-days per week blogging schedule, where we will upload posts on
only three days in the week. This is to ensure that we adequately prepare our
posts and give attend to promoting this blog more and to increasing the traffic
and page views of this blog per day and week. To all those that kept coming
every day, week or month to read what we have posted throughout the year 2014,
this is me saying THANK YOU & GOD BLESS YOU ALL.
So back to business, we said in our last post that we will
revisit all the topics we treated last year, in order to further break it down
and understand it. So today we are starting Commerce 101 again!!!.
Commerce we said is all about Production,
Distribution & Exchange of Goods & Services. In Order words, it
concerns all activities that make Trade & Aids-to-Trade possible.
Now to add to that definition we are saying that commerce is for instance when
a Milk Producing Company like Cowbell (In Nigeria) drills the milk in raw form
from the cow and processes it to give us Evaporated ones or Powdered ones, now
it is produced and a Mart like Wal-Mart buys it from Cowbell and thenMr. Van
buys a sachet of cowbell. This is the process of commerce, we all perform
commercial activity everyday knowingly and unknowingly.
Scopes
of Commerce just talks about the branches of commerce and
they are just two:
1. Trade
2. Aids-to-Trade
Trade
is buying and selling, giving money and receiving service or good. Meeting the need
of the seller (Money) for the seller to meet your (buyer) need (goods/services).
It's an interaction of two people or two elements for the purpose of exchange
one need for another- goods/services for money or worth or value. It's a Trade-by-Barter
Situation only that this time it is more accurate in measure than in an actual
Trade-by-Barter. Its paying $45 for a Jimmy Choo Heels or paying $100 to get
the Latest Play Station. LOLZ
Aids-to-Trade
are like the catalyst of Trade, the Motivators of Trade, that make Trade
possible and easier. In my Definition I stated that they are
the auxiliaries to Trade, they are the Agents that Facilitate and help Trade
become a Reality.
DIVISIONS
OF TRADE
1. Home Trade
2. Foreign Trade
HOME
TRADE
It is just basically Trading Activities within a
Geographical Location, within the borders of a Country. Trade within the United
States of America and Trade within the Federal Republic of Nigeria, these are
classified as Home Trade. Going to a Supermarket in your area to buy something
like a pack of sugar is Home trade while buying Shoes online from America that
would be shipped to you is NOT Home Trade. We also said that another name for
Home Trade is LOCAL/ INTERNAL TRADE.
FOREIGN
TRADE
It is basically buying across borders and
geographical locations, crossing over physically or online to perform trade.
For instance, Buying Clothes in Nigeria from Dubai, UK, USA. It can also be
referred to as INTERNATIONAL/ EXTERNAL
TRADE.
This is where we will draw the curtains for
today, Hope you enjoyed every bit of it and hope to see you in our next
tutorial by Next week by the Grace of God. Keep revising and understanding this
topic. May God Keep you until we meet again. God Bless You. Pls do leave a
comment below....
