Commerce is the study of the exchange of goods and services between suppliers and customers. It examines transactions that take place at all levels — local, national, or international — and looks at the impact of globalisation and marketing on commercial activities and economic growth.
Commerce explores a wide range of aspects, from investment to buying and selling, from making a profit to sustainable business practices, from packaging and distributing products to supply and demand, and everything in between. One of the latest and most important developments is E-commerce or Electronic Commerce, which represents the transaction of goods or services online.
The main branches of Commerce are Trade, Transport, Warehousing, Insurance, Banking, Advertising and Marketing. Some of these branches are specific subdisciplines of Commerce, while others — like Advertising, Banking, or Marketing — are independent disciplines, part of the broader Business field.
A typical Commerce degree includes subjects like Financial Accounting, Business Analytics, Micro and Macroeconomics, Statistics, Marketing, Organisational Behaviour, Principles of Economics, Business Communication, Branding, etc.
Because trading is an essential day-to-day activity, graduates in commerce can easily find positions in corporations, small businesses, non-profit organisations, banks, outsourcing, insuring, audit and consulting firms, in governmental agencies or in the e-commerce industry.Read more