COMMERCE TRADE AIDS TO TRADE HOME TRADE FOREIGN TRADE TRANSPORT BANKING COMMUNICATION INSURANCE WAREHOUSE ADVERTISEMENT

o COMMERCE consist of activities that involve the transfer of goods from producer to the consumer.  HOME TRADE Is carried out among the people of the country itself.  FOREIGN TRADE involve trade between the people from one country and those from the rest of the world. T R A D E Buying and selling of goods to make profit.

BANKINGBANKING  Banks facilitate trade and production. Example: loans.

TRANSPORTTRANSPORT  With transportation, it is much easier for the materials and finished goods to be moved from various sources through many stages until they reach the consumer.

COMMUNICATIONCOMMUNICATION  It is very important for all the traders and all commercial functionaries to transmit and receive commercial information. Examples: telephone, internet, fax machine, etc.

INSURANCEINSURANCE  Insurance companies provide protections and absorb some of the risks in trading.  Businesses may be able to claim indemnity in the event of a loss.

WAREHOUSEWAREHOUSE  Warehouses provide storage facilities for goods after processing or manufacturing, or purchase so that they can be sold later.

ADVERTISEMENTADVERTISEMENT  The purpose of advertising the goods is to inform and remind consumer the availability of the particular brands of the goods and services and try to persuade them to buy.