Quick Answer: Whats Does Commerce Mean?

What is commerce English?

Commerce is another word for trade or business, and can mean simply the buying and selling of goods and services.

Interstate commerce is the movement of goods, money or transportation between two or more states.

International trade is the exchange of goods and services between countries..

Who is the father of commerce?

PoseidonAccording to greek mythology, Poseidon is considered the father of commerce.

Who invented commerce?

Michael Aldrich (22 August 1941 – 19 May 2014) was an English inventor, innovator and entrepreneur. In 1979 he invented online shopping to enable online transaction processing between consumers and businesses, or between one business and another, a technique known later as e-commerce.

What is full form of or?

The full form of O.R. is Operations Research.

What is commerce in simple words?

Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services or something of value, between businesses or entities.

What is Commerce example?

Use commerce in a sentence. noun. The definition of commerce means the buying and selling goods on a large scale or social relations. An example of commerce is trade between two countries. An example of commerce is the social or intellectual exchanges amongst a group of friends.

What are the two types of commerce?

There are 6 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)Consumer-to-Administration (C2A)

What are the features of Commerce?

CHARACTERISTICS OF COMMERCEPURELY ECONOMIC AND BUSINESS ACTIVITY: The needs and wants of the masses give rise to the production of goods and the creation of services in an economy. … PRODUCTION AND MARKETING: … CONTINUITY: … AIMS AT PROFIT: … CHALLENGING AND UNCERTAIN: … CREATIVE AND EVER EVOLVING: … CUSTOMER CENTERED: … SOCIALISATION:More items…•

What is full form of Kiss?

KISS, an acronym for “keep it simple, stupid” or “keep it stupid simple”, is a design principle noted by the U.S. Navy in 1960. … Variations on the phrase include: “Keep it simple, silly”, “keep it short and simple”, “keep it simple and straightforward”, “keep it small and simple”, or “keep it stupid simple”.

What is commerce full form?

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 branches of commerce?

Branches of commerce include trade, transport, banking, insurance warehousing, advertising and communication.

What do you learn in commerce?

Overview. Equip yourself with the knowledge, focus and skills for a career in accounting, banking, finance, or analysis. Commerce graduates are in high demand for their in-depth understanding of how accounting, business information systems and finance add value to business and the global economy.

Is Commerce easy or science?

When it comes to the course structure, Commerce is easier than Science. The science subjects require you to study continuously and extensively. Commerce just requires you to be clear with the basics and you are good to go.

What is commerce subject all about?

Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer. The main subjects that are taught in the Commerce stream in Class 11 and 12 include Economics, Accountancy and Business Studies.

Who invented accounts?

Luca PacioliItalian roots But the father of modern accounting is Italian Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita.

What is the main purpose of commerce?

Commerce is a very important part of any business. Why, you say? Well, because it attempts to satisfy human needs and wants. It also contributes to linking producers of certain products and services with the customers who require them.

What are the jobs for commerce students?

Job Prospects for Commerce StudentsChartered Accountants.Chartered Financial Analyst.Company Secretary.Loans executive.Human Resource manager.Certified Financial Planner.Economist.Venture capitalist.More items…

Why do we study commerce?

Commerce as a stream helps in gaining in-depth knowledge of Business, Accounts, Finance and Economics. The important subjects taught in the school curriculum of class XI and XII are Economics, Accountancy, and Business Studies.

What do you mean by commerce answer?

Commerce refers to all the activity which is necessary to bring goods from the place of their production to the place of their consumption. The process which fills the gap between producer and consumer is called commerce. … Home trade means when sale and purchased of goods within boundaries of country.

Who is father of accounts?

Luca Pacioli, was a Franciscan friar born in Borgo San Sepolcro in what is now Northern Italy in 1446 or 1447. It is believed that he died in the same town on 19 June 1517.

Who is the father of Indian commerce?

K. VaitheeswaranAbout K. Vaitheeswaran. K. Vaitheeswaran is the author of the recently released book “Failing to Succeed – the story of India’s first e-commerce company” and is widely hailed as the ‘father of e-commerce in India’.