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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Balance of Payments Deficit implies that a country imports more goods, services and capital compared to its exports. As a result, such countries will have to borrow from other countries, IMF (International Monetary Fund) or World Bank to pay for its imports.
A continual balance of payment deficit will make a country end up as a consumer nation. With time, such countries will become debtors to other countries or international banks.
Note: A continual balance of payment deficit is not the ideal way to go for any country since their creditors may eventually seize their assets; and such asset could be the country’s natural resources.
Balance of Payment Deficit is also called Unfavorable Balance of Payments or Deficit Balance of Payments.
Balance of Payment Surplus implies that the country exports more goods, services and capital when compared to its imports.
This is the ideal way to go because such country will have enough capital to support its local or domestic production; simultaneously increasing job opportunities within it.
In a country with a "balance of payment surplus", the citizens are gainfully employed; and these countries are generally lenders to other nations.
Balance of Payments Surplus is also called Favorable Balance of Payments or Surplus Balance of Payments.
Below are some important points to note with regards to Balance of Payments:
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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