Into business

Materie:	Appunti
Categoria:	Inglese
Voto:	1.5 (2)
Download:	125
Data:	14.06.2007
Numero di pagine:	2
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commerce
general name to indicate business activities (selling and buying of goods)
trade
is a synonym of commerce but more specific
includes business services (bank, insurance, means of transport, means of payment, advertising)
is divided in two parts: home and foreign

home trade
are all business activities and services inside one country
is slit into three steps: manufacture, wholesale and retail
foreign trade
are all business activities and services outside one country
is split into two parts: import and export
manufacture
transforms the products from row material to finish or semi-finished products
wholesale
buys goods in large quantities from manufacturers and sells them in small quantities to retailers
retail
sells goods in small quantities to individual consumers
import
is buying goods outside
export
is selling goods outside
e-commerce is a new modern way of selling and buying
in this you can leave out some steps and pay less (save up)
there are three kinds of economy because government cane have different roles
THE CENTRALLY PLANNED ECONOMY
 the government decides everything
 lack of competition
 Cuba - China
THE FREE MARKET ECONOMY
 the government may still intervene even in free market economies
 private companies compete freely in the marketplace and the market decides which products or services to buy and from whom
 South East Asia –Singapore
THE MIXED ECONOMY
 some goods and services such as public transport, education, health care utilities (gas, electricity, etc.) are traditionally provided by the government
 private companies are free
 Italy - U.K.
transferring productions of goods and services from the public to the private sector
the nationalised industries that during the 1980s were privatize by the Conservative Government are British Telecom, British Gas, British Petroleum, British Railways, British Airways
“denationalisation” consist in the selling of state industries to private sector
PROS
 leads to greater competition, which can result in providing better goods and services and lower prices
 consumers can have a greater choice and better services
CONS
 does not necessarily increase competition and quality of goods and services
 if competition is not increased, consumers don’t always benefit from a better choice
Commercial Theory 1 ( Into Business