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.
Considering this, 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 roles of commercial services? The Commercial Services Officer is responsible for accurate, timely and professional administrative support to the Commercial Team. The role key purposes include day to day support to the commercial team, interface with customers and ownership over the shipment invoicing process.
Furthermore, What are the classification of business activities? There are three main types of business activities: operating, investing, and financing.
What is commerce and its importance?
Commerce is the exchanging of products and services and involves money and turning raw materials into usable goods. Explore the definition, importance, and branches of commerce including trade and aids to trade.
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 roles that marketing has played in Nigeria? Marketing is responsible for industrial development, technological advancement, and economic emancipation of any nation (developed or developing). Marketing is the prime mover of economic development activities in Nigeria just like in other advanced countries of the world.
What is service sector give some examples?
The service sector, also known as the tertiary sector, is the third tier in the three-sector economy. Instead of product production, this sector produces services maintenance and repairs, training, or consulting. Examples of service sector jobs include housekeeping, tours, nursing, and teaching.
What are the different service sectors? Activities in the service sector include retail, banks, hotels, real estate, education, health, social work, computer services, recreation, media, communications, electricity, gas and water supply.
What is the role of services in an economy?
Promotes industrialization: The service sector provides various facilities such as transportation, banking, electricity, repair, or communication in support of the distribution of the manufactured goods which directly affects the development of an industry in a country.
What are the 6 types of business activities? What Are the 6 Types of Business Activities?
- Sales. The sales team is the lifeblood of every business. …
- Marketing. Marketing and advertising help in developing the brand and boosting the exposure of the business and its services.
- Finance. …
- Accounting. …
- Customer Service. …
- Human Resources.
What are different types of business activities Class 9?
There are three fundamental kinds of business activities: financing business activity, investing business activity, and operating business activity. The cash flows that are utilised and made by every one of these exercises are recorded in the cash flow statement.
What are the three types of business activities Class 11?
The business activities are classified into three different types namely operating activity, investing activity, and financing activity.
What is commerce Class 11? Commerce Class 11 Syllabus: Commerce is an important academic stream that imparts a detailed knowledge related to economy, finance, accounting and others. Specifically , the subjects included in this stream are Economics , Business Studies , Accountancy and English along with a choice of Maths or Informatics Practices.
What is commerce example? The definition of commerce means the buying and selling goods on a large scale or social relations. An example of commerce is trade between two countries. An example of commerce is the social or intellectual exchanges amongst a group of friends.
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 are Nigeria’s top 4 industries? The largest industries which drive the country’s economy and account for the bulk of its annual GDP are its petroleum, tourism, agriculture, and mining industries.
What are the 4 main types of economic systems?
There are four types of economies:
- Pure Market Economy.
- Pure Command Economy.
- Traditional Economy.
- Mixed Economy.
What are the basic economic activities of the pre colonial Nigeria? The indigenous pre-colonial Nigerian economy consisted of agriculture, local industry and crafts, trade and services. It was the basic pre-colonial activity with the pattern of specialization dictated by ecology and culture. crude implements, such as hoes, cutlass, sickles, etc. were used.
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