Understanding Business and Commerce

An introduction to nature, organization and objectives of business and commercial activity. It describes all aspects of domestic and overseas trade, ranging from retailing, wholesaling, money and banking to communications, transport and insurance, and examines the functions of the major institutions, including government. The actual procedures and documentation involved in commercial transactions are described in detail. Also included are a glossary of commercial terms and a guide to abbreviations in common use. It is an introductory account for students following RSA, BTEC and GCSE Commerce and British Industrial Society courses, and for those wishing to keep pace with new developments in modern business and commercial practice. A selection of examination questions and a multiple-choice test are also included.