Commerce Grade 11
What is the definition of commerce?
The buying and selling of goods and services
What is the purpose of marketing in commerce?
To promote and sell products
What are the different types of businesses?
Sole proprietorship, partnership, corporation
What is the role of finance in commerce?
Managing money and investments
What is the importance of ethics in commerce?
To ensure fairness, honesty, and transparency in business
What is the significance of supply and demand in commerce?
To determine pricing and availability of goods and services
What is the definition of e-commerce?
Buying and selling goods and services online
What is the role of globalization in commerce?
Expanding business internationally and increasing interconnectedness
What is the impact of technology on commerce?
Improving efficiency, communication, and reach of business operations
What are the different forms of payment methods in commerce?
Cash, credit cards, online payments