COMMERCE 1- 4

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A bill of exchange is a conditional order in writing addressed by one person to another signed by person to it addressed to pay on demand

Certainty as a principle of taxation means the time and manners of collect tax should be known to the tax payer and tax collectors

Balance of payments is the difference between the visible import and the visible exports of a country

Issuing of stock this means going out or delivering out goods against vouchers to ensure proper records of stock movement

The main distinction between Economics and commerce is that Economics deals with all activities involving production, distribution, exchange, consumption, scarce resources.

There are four major types of demand which are Derived, Comparative, Joint or complimentary and competitive demand

Marketing involves two major types which are Primary marketing and secondary marketing

Tax for the goods produced within the country is called “Excise tax”

The sender of the message should avoid assumptions that the receiver is familiar with those terminologies and he should be technical

Some advertising is restricted to the trade press in attempt to get more retailers to sell the product.