COMMERCE AS AN ECONOMIC ACTIVITY -Crude exchange is the earliest form of exchange which involved the exchange of goods for goods. This exchange is also known as barter system. -It was not until peaceful contact between different groups of people became possible that the first commercial transaction took place. -AS societies improved their means of … Read more
DEFINITION OF COMMERCE COMMERCE IS THE STUDY OF HOW MAN ORGANIZES THE DISTRIBUTION AND EXCHANGE OF COMMODITIES SO AS TO SATISFY HIS NEEDS IN THE MOST EFFICIENT MANNER. The word COMMERCE is made up of two Latin words, CUM (WITH) and MERX (MERCHANDISE), so that a lateral translation would be WITH GOODS. Therefore, this is … Read more
BASIC DEFINITIONS OF RECORDS IN ORGANISATION A record is a piece of information created by or received by an organization or business establishment that gives evidence of a business decision or transaction and should be preserved. More specifically, records are recorded information, regardless of physical or digital form, that are: generated or received and used … Read more