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Summary Basics of commerce
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  • Course
  • Commerce
  • Institution
  • Sixth Year / 12th Grade
  • Book
  • E-Commerce 2015, Global Edition

valuable source of information for businesses to understand their customers' needs, preferences, and satisfaction levels. It can also help businesses identify areas for improvement in their products, services, and user experience.

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  • Yes
  • October 16, 2024
  • 1
  • 2024/2025
  • Summary

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  • trade market business retail traffic

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Basic knowledge of commerce
Definition
Commerce is the exchange of goods and services between two or more parties, usually for money
or something of equal value. It's a subset of business that focuses on the sale of products, not their
manufacturing, transportation, or marketing.

Role in society
Commerce plays a significant role in the development of nations and their citizens by facilitating
trade. Governments are responsible for managing commerce in a way that meets the needs of their
citizens.

Difference from business
Commerce is different from business because it's only about how things are bought and sold, not
how or what a company makes.

E-commerce
E-commerce is a business or commercial transaction that involves the transfer of financial
information over the Internet.

Mathematics
Mathematics can help individuals and organizations gain insights into their financial position and
make informed plans for the future.

IT knowledge
IT knowledge is important because many software programs are used in the employment sector

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