WASSCE Commerce · Foundations of Commerce
Nature and Scope of Commerce
What commerce is, the difference between commerce and trade, and how commerce fits into business activity.
- lessons
- 2
- of study
- 14 min
- free to read
- 1
Across the topic: 9 sections · 1 worked example · 1 diagram
Topic content
Lessons in this topic
2 lessons · 14 min
- 1What commerce is: meaning, branches and scope7 minFree7 minFree
- What is commerce?
- The branches of commerce
- The scope of commerce
- Commerce, industry and direct services
1 worked example · 1 diagram
- 2Functions and importance of commerce, and its problems in West Africa7 min Plan7 min Plan
- Functions of commerce
- Why commerce is important
- How commerce developed
- Factors that promote commerce
- Problems facing commerce in West Africa
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More in Foundations of Commerce
All Commerce topics- 02Production and OccupationsPrimary, secondary, and tertiary production, and the different types of occupations in an economy.1Production, occupations and the factors of productionFree2Division of labour, specialisation and exchange7 min 2 lessons 13 min
- 03Aids to TradeThe activities that support trade — transport, communication, warehousing, banking, insurance, and advertising — and how each one helps.1Aids to trade: removing the hindrances to tradeFree2Aids to trade in practice: working together, new aids and problems7 min 2 lessons 14 min