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Fundamentals of Commerce - UNIT 1 BCOM FIRST YEAR SYLLABUS

Fundamentals of Commerce*<br><br>*Slide 1: Title Slide*<br>- Title: Fundamentals of Commerce<br>- Subtitle: Understanding the Basics of Business and Trade<br>- Your Name<br>- Date<br><br>*Slide 2: Introduction to Commerce*<br>- Definition: Commerce is the exchange of goods and services between businesses or entities.<br>- Importance: It facilitates the flow of goods and services, driving economic growth and development.<br><br>*Slide 3: Importance of Commerce*<br>- Economic Growth: Fuels GDP and national income.<br>- Job Creation: Generates employment opportunities.<br>- Resource Distribution: Ensures the efficient allocation of resource

DrMuthuselvi
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Fundamentals of Commerce - UNIT 1 BCOM FIRST YEAR SYLLABUS

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  1. Fundamentals of Commerce Dr.N.MUTHUSELVI.,M.COM.,MBA.,M.Phil.,MGMT.,Ph.D.,B.Ed., Assistant Professor, Department of Commerce, Mangayarkarasi College of Arts and Science for Women, Madurai.

  2. Introduction to Commerce • Definition: Commerce is the exchange of goods and services between businesses or entities. • Importance: It facilitates the flow of goods and services, driving economic growth and development.

  3. Importance of Commerce • Economic Growth: Fuels GDP and national income. • Job Creation: Generates employment opportunities. • Resource Distribution: Ensures the efficient allocation of resources. • Innovation: Encourages new products and services.

  4. Scope of Commerce • Local and International Trade: Exchange of goods and services within and between countries. • Business Operations: Includes all activities related to the buying and selling of goods and services. • Financial Services: Banking, insurance, and investment services that support trade.

  5. Meaning of Barter System • Definition: A system where goods and services are exchanged directly for other goods and services without using money. • Limitations: Lack of a common measure of value, difficulty in storing wealth, and double coincidence of wants.

  6. Evolution from Barter to Modern Commerce • Introduction of Money: Simplified transactions with a common medium of exchange. • Development of Financial Institutions: Banks and markets to support commerce. • Technology: Digital platforms and e-commerce transforming trade.

  7. Business, Industry, and Trade • Business: Activities involved in producing and selling goods and services. • Industry: Production of goods or related services within an economy. • Trade: The exchange of goods and services between entities.

  8. Hindrances to Trade • Geographical Barriers: Distance and transportation issues. • Economic Barriers: Tariffs, taxes, and financial restrictions. • Legal Barriers: Regulations and compliance requirements. • Technological Barriers: Lack of access to modern technology.

  9. Overcoming Hindrances • Infrastructure Development: Improving transport and logistics. • Trade Agreements: Reducing tariffs and fostering cooperation. • Legal Reforms: Simplifying regulations and compliance. • Technological Advancements: Leveraging digital tools for efficiency.

  10. Branches of Commerce • Trade: Wholesale and retail trade. • Auxiliaries to Trade: Banking, insurance, transportation, warehousing, and advertising. • E-commerce: Online platforms facilitating trade.

  11. Conclusion • Recap: Overview of the fundamentals of commerce and its various aspects. • Final Thoughts: The importance of commerce in driving economic growth and improving standards of living.

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