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Commerce

Trade & Commerce

Key Points

  • Home trade: retail (to consumers) + wholesale (to retailers)
  • Entrepôt trade: import goods to re-export
  • Aids to trade: banking, insurance, transport, communication, warehousing
  • Distribution channel: Producer → Wholesaler → Retailer → Consumer
  • Invoice: document requesting payment; Receipt: proof of payment

Practice Questions

2 questions
1

The buying and selling of goods within a country is known as:

2

A document that lists the goods being transported and serves as a contract of carriage is called a:

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