INTRODUCTION TO

COMMERCE
Definition of Commerce
Nature of Commerce
Scope of Commerce
Medium of Buying & Selling
Different Payment Methods
Types of Business Transactions
Definition of Commerce
Nature of Commerce
Scope of Commerce
Medium of Buying & Selling
Different Payment Methods
Types of Business Transactions
What is
Commerce??
Definition
Commerce is basically the activity of buying and selling,
esp. on a large scale.
Commerce can be defined as Interchange of goods or
commodities, especially on a large scale between
different countries (foreign commerce) or between
different parts of the same country (domestic
commerce)
Exchange of goods or services for money or in kind,
usually on a scale large enough to require transportation
from place to place or across city, state, or national
boundaries.
Commerce is an organized system for the exchange of
goods between the members of the industrial world."

Definition of Commerce
Nature of Commerce
Scope of Commerce
Medium of Buying & Selling
Different Payment Methods
Types of Business Transactions

Nature of Commerce
Economic Activity
Exchange of goods & services
Earning Motive
Creation of Utility
Regularity of Transactions

Definition of Commerce
Nature of Commerce
Scope of Commerce
Medium of Buying & Selling
Different Payment Methods
Types of Business Transactions


Scope of Commerce
Wide Scope:-
Deals with transfer of goods & services as well as development
& promotion of goods & services.
Advertisement & media have become an indispensable part of
Commerce.
Communication Services play a vital role in Commerce.
END OF SESSION 1
02/05/2013