As per Greek mythology, the father of commerce is Poseidon. He’s the sea god, and he used it for trade. Trading is critical business, so he is considered to be the father of commerce.
Considering this, What are the two types of commerce? Business-to-Business (B2B) Business-to-Consumer (B2C)
What are the branches in commerce? The 8 Branches of Commerce
- Trade. Trade refers to the actual trading of goods and services for something of value. …
- Transport. There is often great distance between a product’s supply and its demand. …
- Storage and warehousing. …
- Distribution. …
- Advertisement. …
- Insurance. …
- Communication. …
- Banking.
Furthermore, Who is a father of account? Luca Pacioli, was a Franciscan friar born in Borgo San Sepolcro in what is now Northern Italy in 1446 or 1447. It is believed that he died in the same town on 19 June 1517.
Who is father of Indian commerce?
Trading is significant to commerce and so he is regarded as the father of commerce. Indian Commerce: K Vaitheeswaran is the father of Indian e-commerce.
What are the three branches of commerce? Following are its main branches.
- Trade: Trade eliminates the barriers of persons for the smooth flow of goods from producer to consumer. …
- Transport: Transport removes the hindrances of place. …
- Warehousing: Warehousing removes the hindrance of time. …
- Insurance: …
- Banking: …
- Advertisement and Salesmanship:
What is commerce and type? There are four traditional types of ecommerce, including B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business) and C2C (Consumer-to-Consumer).
What is the law of commerce? The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, and among the several states, and with the Indian tribes.
What is the best field in commerce?
Top 15 Highest Salary Jobs for Commerce Students
- Chartered Accountant (CA)
- Marketing Manager.
- Investment Banker.
- Human Resource Manager.
- Chartered Financial Analyst (CFA)
- Certified Public Accountant (CPA)
- Actuary.
- Cost Accountant.
Which subject is most important in commerce? For both Class 11 and 12 Commerce students, the five subjects that are mandatory are – Accountancy, Business Studies, Economics, Mathematics/ Informatics Practices and English. Apart from these subjects, optional subject are Entrepreneurship and Physical Education.
Why do you study commerce?
Your degree will help you gain knowledge of financial management and accounting so that you feel confident and equipped to start your own business. You may be creative and have the best business idea in the world, but it will be greatly enhanced by knowing how to market your product.
Who is the first accountant? Italian roots
But the father of modern accounting is Italian Luca Pacioli, who in 1494 first described the system of double-entry bookkeeping used by Venetian merchants in his Summa de Arithmetica, Geometria, Proportioni et Proportionalita.
Who is the mother of accounting?
1447 – 19 June 1517) was an Italian mathematician, Franciscan friar, collaborator with Leonardo da Vinci , and an early contributor to the field now known as accounting.
…
| Luca Pacioli | |
|---|---|
| Occupation | Friar, mathematician, writer |
| Known for | Summa de arithmetica, Divina proportione, double-entry bookkeeping |
What is commerce accounting?
Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing, and reporting these transactions to oversight agencies, regulators, and tax collection entities.
What are the concepts of commerce? These are: transport and communication, banking and finance, insurance, advertising, and warehousing. Transport creates place utility by movement of goods from one place to another. Banking creates finance utility by providing financial assistance to the businessman.
Who is Father of Hindi? Bhartendu Harishchandra born on 9 September is the father of Hindi language. In modern India, Harishchandra is considered the father of Hindi. The writings of the father of Hindi are praised worldwide.
What is electronic e-commerce?
The term electronic commerce (ecommerce) refers to a business model that allows companies and individuals to buy and sell goods and services over the Internet. Ecommerce operates in four major market segments and can be conducted over computers, tablets, smartphones, and other smart devices.
What is the main purpose of commerce? The main purpose of commerce and trade is to attract the customer and to create new demand in the market.
What is the difference between commerce and ecommerce?
Traditional commerce is a branch of business which focuses on the exchange of products and services, and includes all those activities which encourages exchange, in some way or the other. e-Commerce means carryng out commercial transactions or exchange of information, electronically on the internet.
Who started commerce? Global commerce as it’s known today had its beginnings in the 16th century, when large trading companies were formed in the UK, Spain, Portugal, and the Netherlands.
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