Basics of Commerce A Complete Study
3.4 (20 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,676 students enrolled

Basics of Commerce A Complete Study

In a single course, learn Internal Trade, International Trade, Transport, Warehousing, Banking, Insurance, Advertising.
3.4 (20 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
3,676 students enrolled
Last updated 5/2018
English
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This course includes
  • 5.5 hours on-demand video
  • 1 article
  • 3 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand What is Commerce, hindrances and its various Branches
  • Understand more about Small Scale Retail Organisation

  • Understand more about Large Scale Retail Organisation

  • Understand International Trade, Types of International Trade, Procedures, etc.
  • Understand Meaning of Transport, Importance, Types, Documents Used, etc.
  • Understand Need for Banking, Kind of Banks, Regulatory Authority, Kinds of Cheques, etc.
  • Understand Necessity of Insurance, Difference between Insurance and Assurance, Principles, Form, Kinds of Policies, etc.
  • Understand Advertising, Objectives, Merits and Demerits, Various Forms, etc.
  • Understand Salesmanship and Consumerism
Requirements
  • No Prior knowledge is required
  • Students can approach this course with fresh mind
Description

Welcome to this course on Basics of Commerce A Complete Study.

The very first disclaimer: This is an Academic Oriented Course with an intention to enable the student to understand the various aspects of Commerce so that they can prepare themselves for various academic examinations.

In this course, you are going to understand as to What is Commerce and its related aspects. But why we should understand What is Commerce?

"In Modern world, we are enjoying a very happy life and good standard of living because of development of commerce. Commerce provides all the things that are required to lead a happy life. Commerce refers to those activities which are necessary to bring goods and services from the place of their origin to their place of consumption."

So, what you will learn in this course?

In this course, you will learn the following:

Section 1: Introduction to Commerce: 
Meaning of barter system - definition of commerce -business-industry-trade-hindrances of trade-branches of commerce.

Section 2: Internal Trade - Small Scale Retail Organisation: 
Home trade - wholesale and retail trade - middle men types of small retail organisation - street stalls - second hand goods dealers - speciality shops

Section 3: Internal Trade - Large Scale Retail Organisation:
Types of large scale retail organisation - departmental stores - features - merits - demerits - multiple shops meaning - definition -features - consumer co-operative storesmail order business - hire purchase and instalment system - recent developments - web marketing -E-commerce - Tele shopping

Section 4: International Trade:

International trade - meaning - need - merits and demerits - differences between home trade and foreign trade - types of foreign trade - import, export, entrepot trade with examples - import trade - procedure - intermediaries involed in import trade - indent house - clearing agents - export trade - procedure - intermediaries involved in export trade -
commission agents - export and trading houses - globalisation multinational company - WTO.

Section 5: Transport

Meaning of transport - importance of transport functions of transport - types of transport - land - water - air - merits -
demerits - private and public carrier - containerisation - documents used in transport - bill of lading - charter party -
way bill - railway receipt - air way bill 

Section 6: Banking

Need for banking - meaning of bank - kinds of banks - commercial banks - central bank - functions of commercial banks - co-operative banks - indigenous bankers - Reserve Bank of India - functions - internet banking and EFT (electronic funds transfer ) cheque - definition - features - MICR cheques - crossing - kinds - endorsement - meaning - kinds of endorsement - dishonour of cheque - reasons - ATM card - credit card.

Section 7: Warehousing

Need of warehousing - meaning of warehouse and warehousing - functions of warehousing - kinds of warehousing - private - public - co-operative - bonded - advantages - warehousing documents - warehouse warrant - dock warrant - dock receipt - delivery order - warehouse keepers receipt - warehousing in India and in Tamil Nadu.

Section 8: Insurance:

Necessity of insurance - meaning of insurance - insurance - assurance difference - principles of insurance - forms of insurance - life insurance - kinds of life policies - surrender value and nomination - fire insurance - marine insurance - burglary insurance - mediclaim policy - privatisation of insurance - meaning - need and benefits.

How this course is structured?

This course is structured in self paced learning style. Video lectures (screencast) are used for explaining the concepts.

Any Prior Knowledge is required?

No Prior knowledge is required for taking this course.

What are the basic equipment required for this course?

PC / Laptop / Tab / Mobile (Android / iOS) with good Internet Connection.


Who this course is for:
  • Commerce Students
  • Accounting / Finance Students
  • Accounting / Finance Executives who would like to brush their basics in Commerce
  • Non Finance Executives who are interested in understanding what is Commerce is all about
Course content
Expand all 105 lectures 05:16:45
+ Introduction
12 lectures 29:20
Money as Medium of Exchange and Wheel of Commerce
02:00
Definition of Commerce
00:47
Nature of Commerce
03:28
What is Business?
02:09
Industry and its various classifications
03:05
Trade and Hindrances of Trade
05:16
Branches of Commerce
05:44
Commerce and Trade
00:59
Difference between Trade, Business and Industry
01:38
Why Commerce is so important?
00:55
Multiple choice:
5 questions
Fill in the blanks
3 questions
+ Internal Trade-Small Scale Retail Organistion
15 lectures 41:59
Classification of Trade Explanation
02:48
Factors of Channel of Distribution
02:59
Middle Men (Mercantile Agents)
07:21
Merchant Middle Men
00:34
Wholesales and their Characteristics
01:54
Functions of Wholesalers
05:03
Difference between Factors and Brokers
01:09
Services provided by Wholesalers to Producers and Retailers
04:03
Retail Traders and their Functions
02:11
Services provided by Retailers to Wholesalers and Customers
03:23
Difference between Wholesaler and Retailer
01:04
Introduction to Internal Trade Large Scale Retail Organisation
01:26
Multiple choice:
10 questions
+ Internal Trade - Large Scale Retail Organisation
9 lectures 29:40
Departmental Store, Features and Type of Organisation
03:26
Advantages and Disadvantages of Departmental Store
02:56
Multiple Shops and its Features
04:33
Advantages and Disadvantages of Multiple Shops
03:46
Difference between Departmental Store and Multiple Shops
04:07
Consumer Co-Operative Stores
03:42
Advantages and Disadvantages of Consumer Co-Operative Stores
02:15
Mail Order Business Houses
02:26
Advantages and Disadvantages of Mail Order Business Houses
02:29
+ INTERNATIONAL TRADE
14 lectures 47:01
Introduction to International Trade
01:19
Meaning and Features of International Trade
02:59
Merits and Demerits of International Trade
05:41
Difference between Home Trade and Foreign Trade
01:29
Import Trade and its General Procedures
07:37
Intermediaries involved in Import Trade
02:12
Export Trade and General Procedures Part I
03:08
Export Trade and General Procedures Part II
04:24
Export Trade and General Procedures Part III
05:51
Intermediaries involved in Export Trade
02:47
Entrepot trade, Features and need
01:18
Globalisation, merits and demerits
03:53
Multi National Companies, Merits and Demerits
02:42
World Trade Organisation
01:41
+ Banking
20 lectures 01:08:11
Introduction to Banking
03:59
Meaning of Bank
02:49
Different Kinds of Bank
01:14
Classification of Banks based on Ownership
00:57
Classification of Banks based on Schedules
01:04
Indigenous Banker
02:33
Functions of Commercial Bank
00:39
Primary Functions of Banks
05:37
Secondary Functions of Bank
05:57
Cooperative Banks
01:20
Primary central state co operative banks
04:26
RBI and its Objectives
01:52
Functions of RBI
04:30
Credit Control Functions
04:52
Internet Banking
03:17
Cheque
03:48
Crossing of Cheque and its different kinds
06:02
Dishonour of Cheque
04:56
Endorsement and its types
04:43
+ TRANSPORT
13 lectures 45:49
Introduction to Transport
02:30
Definition, Importance and Fucntions of Transport
07:27
Types of Transport Part I (Motor Transport)
07:24
Types of Transport Part 2 (Tramways)
01:20
Types of Transport Part 3 (Railways)
04:37
Types of Transport Part 4 (Water - Inland)
04:16
Types of Transport Part 5 (Water - Ocean)
05:14
Types of Transport Part 6(Air Transport)
02:51
Common Carrier and Private Carrier
02:44
Containerisation
01:42
Bill of Lading
01:31
Charter Party and Way Bill
01:52
Railway Receipt and Air Consignment Note
02:21
+ Insurance
8 lectures 22:07
Introduction to Insurance and Assurance
03:46
Difference between Insurance and Assurance
01:39
Principles of Insurance
06:38
Life Insurance
01:58
Kinds of Life Policies
04:15
What is Surrender Value?
01:02
What is Nomination?
01:50
What is General Insurance?
00:59
+ Advertising
13 lectures 32:24
Advertising - Introduction and Meaning
02:47
Objectives of Advertising
02:17
Benefits of Advertising
03:00
Disadvantages of Advertising
01:45
Media of Advertising
02:19
Indoor Advertising - Press Media
05:51
Radio Advertising
02:14
Television Advertising
01:23
Film Advertising
01:25
Outdoor Advertising
03:22
Direct Advertising
01:36
Promotional Advertising
01:56
Web Advertising
02:29
+ FINAL SECTION - BONUS LECTURE
1 lecture 00:16
Bonus Lecture - Discount Coupon Links for other Courses
00:16