Category: Commerce

DBM 614: ECONOMICS LECTURE NOTES UNIT 7: MONEY AND BANKING Definition • Money refers to anything which is widely acceptable in payment for commodities and in settling debts, not for itself but because it can be similarly passed on. Banking: Read More …

BARTER TRADE This refers to exchange of goods and services for goods and services.this trade has several drawbacks. It is difficult to estimate the value of one good with another It depended on double coincidence of wants between traders. Perishability Read More …

Some of the parastatals set up by the government include; Industrial and commercial development cooperation (I.C.D.C) It was established in 1954 to provide the financial facilities in the field of commerce and industry. It was required to; Help African industrialist Read More …

The ministry is responsible for the promotion and development of home and foreign trade. It regulates the retail and wholesale trade and provides some advisory services to the traders. It takes on measures to increase the exports of Kenya products Read More …

These are voluntary non-trading associations of people connected with commerce, trade and industry. The membership consists of traders, brokers, bankers, industrialists and other persons engaged in trade industries or commerce. The important services rendered by them are; 1. Make representation Read More …

Bill of lading – this is used to seal a contract between the carrier and shipper in which the carrier agree to carry goods from port of shipped to port of destination.it is also the shippers receipt for goods and Read More …

Introduction of containerization. Use of pipeline transport. Electric trains replacing diesel engine trains. Construction of dual-carriage roads. Introduction of speed governors and safety belts. Use of bicycles-bodaboda. Spread of Hiv and Aids to long distance drivers. Hard drugs have been Read More …

The natures of the goods – Heavy and bulky goods are economically transported through sea or rail. Terminals – Availability of loading and offloading points dictate the form of transport to be used. Transportation cost -The cost of the means Read More …

This refers to airborne movement of goods and people.it is categorized into local and international. ADVANTAGES OF AIR TRANSPORT It is faster in nature thus perishable goods can be transported over long distances and also urgently needed goods. It is Read More …

This is also a means of transport that find does not lie in each of the discussed forms.it is defined as packing of goods in containers which are of standard sizes. A container is a huge box designed in a  Read More …