Topics in CommercePrinciple of Marketing: Positioning as a Marketing Mix Principle of Marketing: Packaging as a Marketing Mix Elements of Promotion in Marketing Mix Principle of Marketing: Promotion as a Marketing Mix Principle of Marketing: Place as a Marketing Mix Principle of Marketing: Price as a Marketing Mix Principles of Marketing: The 7 Ps of Marketing Mix Factors necessary for Division of Labour Disadvantages of Division of Labour Advantages of Division of Labour Outbound Marketing explained Inbound Marketing explained Production - Types of Production Commerce: Definitions and Scopes of Commerce Differences between Balance of Trade and Balance of Payments Balance of Payment Deficit and Balance of Payment Surplus Disadvantages of Foreign Trade Divisions of Foreign Trade Advantages of Foreign Trade What is Foreign Trade? Types of Foreign Trade
Academic Questions in Commerce
The followings are principles of marketing mix except _____.
C. Pressure group
The followings are advantages of division of labour EXCEPT _____.
Which of the following statement is incorrect concerning division of labour?
What does a bearer cheque mean?
What is an order cheque?
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Foreign or International trade can be divided into 3. These are:
When a country bring in goods and services from other countries, then that's import.
Import trade is seen or defined when a country purchases (or bring in) goods and services from other countries of the world.
Import trade can be divided into two. These are:
Visible Imports: This is when a country purchases visible goods from other countries.
Visible goods are goods that can be seen and touched. They are also referred to as tangible goods.
The importation of petroleum is an example of visible imports.
Invisible Imports: They usually consists of services and thus cannot be seen or touched.
In invisible exports, the services are rendered by other countries to the particular country involved.
Banking and Insurance are examples of invisible imports.
When a country sell their goods and services to other countries, then that's export.
Export trade is simply defined as the act of selling goods and services to other countries of the world.
Export trade can be divided two. These are:
Visible Exports: This is when a country sells tangible goods; (that is, visible goods that can be seen and touched) to other countries.
The exportation of rice from India into Nigeria is an example of visible export.
Invisible Exports: They usually consists of services rendered by one country to other countries of the world.
Services like Banking and Insurance are examples of invisible exports.
Entrepot trade simply refers to the buying (importation) of goods from one country and the subsequent selling (or exportation) of such goods to other countries after some additional processing on such goods. For this reason, entrepot trade is often referred to as Re-export.
Note: The term re-export is used here because the original producers of the goods initially exported it to a country. This buying country may further process the goods and export it again to other countries.
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Alfred Ajibola is a Medical Biochemist, a passionate Academician with over 7 years of experience, a Versatile Writer, a Web Developer, a Cisco Certified Network Associate and a Cisco CyberOps Associate.
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Amazing facts in Commerce
Amazon is an e-commerce website launched in 1995. It did not make any profit for its first seven years.
Amazon's first profit was in 2003. Its founder 'Jeff Bezos' is the richest man in the world as at 2018/2019
NOTABLE POINTS IN Commerce
Commerce can be defined as the exchange of goods and services, usually for money and on a large scale that will require the transportation of such goods and services.
Commerce is crucial (important) to the life of any Nation for the following reasons:
A public company is not owned by an individual; rather it's usually owned by groups or a large number of people.
The shares of a public company are traded freely on the stock exchange.
Below are some features of a public company:
There are seven elements of the marketing mix. These are:
Think of marketing mix as the set of marketing tools that an industry or company uses to drive or accomplish its marketing objectives in the target market