What Are The Branches Of Commerce?

Who is a father of commerce?

PoseidonThe father of commerce is Poseidon according to Greek mythology.

Reason: He is the god of the sea and used it for trading.

Trading is significant to commerce and so he is regarded as the father of commerce..

What are the 2 types of trade?

Trade can be divided into following two types, viz.,Internal or Home or Domestic trade.External or Foreign or International trade.

What is E Commerce meaning?

Ecommerce, also known as electronic commerce or internet commerce, refers to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions.

What is the full form of commerce?

The term “commerce” may also refer to the buying and selling of commodities globally or across borders – between governments and between business firms. … Commerce covers a much broader field and includes trade, along with the services which facilitate such buying and selling of goods.

What are the 7 factors of production?

Factors of ProductionLand/Natural Resources.Labor.Capital.Entrepreneurship.

What are the types of commerce?

There are six basic types of e-commerce — Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C), Consumer-to-Business (C2B), Business-to-Administration (B2A) and Consumer-to-Administration (C2A) — and all of them represent a different purchasing dynamic.

What are the branches of trade?

Answer: The branches of trade. The trade-in in which the product buys ib a large quantity at a minimum rate is called wholesale. The trade-in in which the product is sold by the seller to the customer in a small quantity and at the retail price that is printed on the product is called retail.

What is the main function of Commerce?

Nature and Purpose of Business. Give the functions of commerce. Commerce concerns itself with all those activities that ensure a free and smooth flow of goods and services from producers to consumers. It consists of trade, and the activities which facilitate trade.

What jobs can I get with commerce?

Career Options For Commerce Students [Trending in 2020]Bachelor of Commerce (B.Com)Bachelor of Laws (LLB)Cost and Management Accountant (CMA)Chartered Accountancy (CA)Bachelor of Business Administration (BBA)Company Secretary (CS)Certified Financial Planner (CFP)Bachelor of Economics.More items…•

How many branches of commerce do we have?

two branchesThe lesson goes on to identify and explain the two branches of commerce, trade and aids to trade.

What are the 3 types of e commerce?

There are six basic types of e-commerce — Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C), Consumer-to-Business (C2B), Business-to-Administration (B2A) and Consumer-to-Administration (C2A) — and all of them represent a different purchasing dynamic.

What are the 4 types of production?

Four types of production Unit or Job type of production. Batch type of Production. Mass Production or Flow production. Continuous production or Process production.

What are the branches of production in commerce?

Three Types of Production:Primary Production: Primary production is carried out by ‘extractive’ industries like agriculture, forestry, fishing, mining and oil extraction. … Secondary Production: … Tertiary Production:

What is the basic of Commerce?

Introduction. Commerce can be defined as a series of activities essential for the transport of goods or services from the point of their origin to their consumption point. In today’s world development of commerce has lead to enhanced quality of standard of living.

What are the 5 factors of production?

Here are some tips to help you understand the five factors of production:Land. Labour refers to all natural resources. … Labour. Labour is another input of production. … Capital. Capital refers to all man-made productive assets used to further production. … Entrepreneurship. … Knowledge.