Commerce Basics for Grade 11

Front

Commerce

Back

Exchange of goods and services

Front

Trade

Back

Buying and selling activities

Front

Market

Back

Place for trade

Front

Supply

Back

Availability of goods

Front

Demand

Back

Consumer desire for goods

Front

Economy

Back

System of production and consumption

Front

Profit

Back

Revenue minus expenses

Front

Retail

Back

Selling directly to consumers

Front

Wholesale

Back

Selling in large quantities

Front

E-commerce

Back

Online buying and selling