BBA COMMERCE (COM101)

COMMISSION, BROKERAGE, DISCOUNT AND PARTNERSHIP OBJECTIVES Money plays an important role in any transaction. We are going to study some Technical terms involved in business transactions. 1.1 COMMISSION A producer or manufacturer of goods generally does not sell his goods directly to the ultimate consumer. There are agents who purchase the goods from the manufacturer and sell them to the consumer. In a sense, such agents bring the manufacturers and the consumers together for transa...