Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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BUSINESS
INDUSTRY
COMMERCE
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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INDUSTRY
Primary
Genetic
Extractive
Manufacturing
Construction
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
3
INDUSTRY
 Primary : engaged in the production of primary goods
such as rice, cotton, fish. E.g agriculture, fishing
 Genetic : engaged in the reproduction and
multiplication of certain species of plants and animals
with the object of sale. E.g cattle breeding, poultry,
nurseries, sericulture, horticulture.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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 Extractive: concerned with extracting materials or
minerals from natural resources. E.g. mining, oil
drilling
 Manufacturing: concerned with converting of raw
materials to finished goods. E.g textiles, chemicals,
cement, sugar
 Service: e.g hotels, tourism, communication,
entertainment, information technology.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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COMMERCE
TRADE
INTERNAL
AIDS-TO-TRADE
EXTERNAL
Warehousing
Transport
Communication
Insurance
Banking
Advertising
Import
Retail
Salesmanship
Export
Mercantile Agents
Wholesale
Entrepot
Global Organisation
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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Trade
 A) Internal trade
also known as home trade.
Internal trade is divided into:
i) Retail Trade – buying in smaller lots from
wholesalers and selling in very small quantities to
consumers
ii) Wholesale trade – involves buying in large quantities
from producers and selling in smaller lots to
retailers.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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 B) External Trade
also called as foreign trade.
It is divided into –
i) Export trade – selling of goods from one country to
another.
ii) Import trade – buying of goods from a seller of
another country.
iii) Entrepot – when goods are imported from one
country and then re-exported to some other country.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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AIDS – TO - TRADE
1) Warehousing – removes time difficulty. It enables the
supply of seasonal goods throughout the year. It
protects and preserves the goods from damage and
spoilage.
2) Transport – solves place difficulty. It facilitates
distribution of goods. It enables marketers to expand
markets.
3) Communication – facilitates transfer of information.
Can be in oral or in writing.
4) Insurance – minimizes the risk.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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5) Banking – solves the problem of finance.
6) Advertising- fills the knowledge gap. It creates
awareness of the products and builds good brand
image.
7) Salesmanship – facilitates personal selling. They
convince and persuade the buyers to buy goods.
8) Merchantile agents- acts as intermediaries between
the buyer and seller.
Mrs. Gracy D'souza, Assistant Professor J. M. Patel
College of Commerce
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