In Nigeria, three types of internal trade can be recognised:
- (i) Local Trade: Local trade takes place within the rural areas on specific market days. …
- (ii) Regional Trade: This trade takes place within a region. …
- (iii) Inter-regional Trade: This is the type of internal trades that takes place between region e.g.
Considering this, What is government commercial activity? A commercial activity is one which is operated by a Federal executive agency and which provides a product or service that could be obtained from a commercial source.
Why are commercial activities important? As commercial activity is the main driving force behind a company, it is linked to all other activities performed. Therefore, it is of vital importance, as is the necessity to immediately adapt to market requirements. Even though this has always been the case, the arrival of the Internet has changed everything.
Furthermore, How does commercial activities help in the growth of Nigeria? Business has contributed to changes in the level of development in the country through generation of employment; direct creation of wealth and reduction of poverty by contributing to the Nigeria Gross National Product (GNP) and GDP.
What are the activities that aid commerce?
Commerce can be defined as human activities that deal with buying and selling of goods and services. It occurs with supporting activities like as transportation, warehousing, banking, insurance etc. All these supporting activities are called aids to commerce.
What is commercial activities in business studies? Commerce is any activity involved in the distribution of goods from the producers to the consumers. It also includes people who make distribution easier. Commerce can also be defined as trade and aids to trade.
What is meant by non-commercial activities? A non-commercial activity is an activity that does not, in some sense, involve commerce, at least relative to similar activities that do have a commercial objective or emphasis.
What are commercial services? Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation. Sample 2.
What is commercial business process?
Commercial Process means a commercial scale manufacturing process for a Collaboration Product that is compliant with all Applicable Laws.
What are the classification of business activities? There are three main types of business activities: operating, investing, and financing.
What are the economic activities in Nigeria?
The economy of Nigeria is a middle-income, mixed economy and emerging market, with expanding manufacturing, financial, service, communications, technology, and entertainment sectors. It is ranked as the 27th-largest economy in the world in terms of nominal GDP, and the 24th-largest in terms of purchasing power parity.
Why is Nigeria not industrialized? These included: shortage of industrial raw materials and inputs; infrastructure challenges; inadequate linkage among industrial subsectors; and, administrative and institutional problems.
What are the major industrial zones in Nigeria?
Top 10 Major Industrial Zones in Nigeria
- #1. Lagos State. Lagos stands out as the most economically and industrialized state in Nigeria with virtually all top companies having their headquarters there. …
- #2. Ogun state. …
- #3. Rivers state. …
- #4. Anambra state. …
- #5. Abia state. …
- #6. Oyo state. …
- #7. Kano state. …
- #8. Akwa Ibom state.
What are the four commercial activities that facilitate buying and selling?
The activities that help with the buying and selling of goods are termed as auxiliaries of trade. Explanation: The auxiliaries to trade help and support the activities for trading. The different auxiliaries of trading are Transport and communication, banking and finance capital, insurance, warehousing, and advertising.
What are the types of ecommerce applications available in the IT industry? The following are the different types of e-commerce platforms:
- Business-to-Business (B2B)
- Business-to-Consumer (B2C)
- Consumer-to-Consumer (C2C)
- Consumer-to-Business (C2B)
- Business-to-Administration (B2A)
- Consumer-to-Administration (C2A)
What are 3 types of business activities explain with examples? There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement. The cash flow statement is meant to be a reconciliation of net income on an accrual basis to cash flow.
What are the 3 types of business activities Class 9?
There are three fundamental kinds of business activities: financing business activity, investing business activity, and operating business activity.
What is commercial and non-commercial? Items for sale are commercial. Items that are not for sale, such as gifts, are non-commercial.
What are examples of establishments within non-commercial food service?
Non-commercial F&B outlets – examples
- Institutional food services : hospitals, educations institutions, corporate staff cafeterias, cruise ships, airports and transportation terminals and operations.
- Accommodation food services : hotels restaurants and bars, room service.
- Membership-based facilities : clubs, groups.
Is nonprofit considered commercial use? A nonprofit agency may also be a commercial enterprise because it offers residential services, or because services are performed in connection with a public entity.
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