commerce

(noun)

The exchange or buying and selling of commodities; especially the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.

Related Terms

Examples of commerce in the following topics:

  • Selling to Consumers

    • It is the second largest and the earliest form of e-commerce.
    • Online retailing transactions make up a significant share of the B2C e-commerce market.
    • Another form of e-commerce involving selling to consumers is known as consumer-to-consumer (C2C).
    • It is simply commerce between private individuals or consumers.
    • B2C e-commerce makes up a smaller portion of the market share of e-commerce compared to B2B, and appears to be shrinking in comparison.

  • Gibbons v. Ogden

    • Ogden was a landmark decision in which the Supreme Court granted Congress the power to regulate interstate commerce.
    • Ogden, 22 U.S. 1 (1824), was a landmark decision in which the Supreme Court of the United States held that the power to regulate interstate commerce was granted to Congress by the Commerce Clause of the United States Constitution.
    • He stressed that one must question whether or not a particular commerce has wide-ranging effects, suggesting that commerce that does "affect other states" may be interstate commerce, even if it does not cross state lines.
    • Supreme Court had to interpret the language of the Commerce Clause, and determine whether or not the law regulated "commerce" that was "among the several states. " The Court held that "commerce" constitutes more than mere traffic, rather, that it includes the trade of commodities, and therefore intercourse.
    • Ogden case, Marshall began the careful work of determining what the phrase "commerce...among the several states" meant.

  • Selling to Businesses

    • B2B e-commerce is the type of e-commerce that deals with relationships between and among businesses.
    • Business to business (B2B) e-commerce is simply defined as e-commerce between companies.
    • This is the type of e-commerce that deals with relationships between and among businesses.
    • About 80% of e-commerce is of this type, and most experts predict that B2B e-commerce will continue to grow faster than the business to consumer (B2C) segment.
    • Explain the impact of technological advances on business to business (B2B) commerce

  • Analysis of Price Discrimination

    • Within commerce there are specific criteria that must be met in order for price discrimination to occur:
    • In commerce there are three types of price discrimination that exist.
    • Price discrimination is a driving force in commerce.
    • Many examples of price discrimination are present throughout commerce including:
    • Coupons: coupons are used in commerce to distinguish consumers by their reserve price.

  • B2C Channels

    • The other main channel for business-to-consumer selling is e-commerce, or commercial activity conducted via the Internet.
    • Business-to-consumer e-commerce reduces transaction costs by increasing consumer access to information and allowing them to find the most competitive price for a product or service.
    • Examples of e-commerce stores are amazon.com, walmart.com, and barnesandnoble.com.

  • E-Business Strategy

    • The term electronic business (commonly referred to as E-business or e-business) is sometimes used interchangeably with e-commerce.
    • In practice, e-business is more than just e-commerce.
    • While e-business refers to a strategic focus with an emphasis on the functions that occur using electronic capabilities, e-commerce is a subset of an overall e-business strategy.
    • In the emerging global economy, e-commerce and e-business have become increasingly necessary components of business strategy and strong catalysts for economic development.
    • In e-commerce, electronic (i.e., online) purchasing and ordering can be enhanced by the use of automated online assistants like this.

  • Scatter Plots

    • From an article in the Wall Street Journal: In Europe and Asia, m-commerce is popular.
    • For the years 2000 through 2004, was there a relationship between the year and the number of m-commerce users?
    • Let x = the year and let y = the number of m-commerce users, in millions.
    • (a) Table showing the number of m-commerce users (in millions) by year.
    • (b) Scatter plot showing the number of m-commerce users (in millions) by year.

  • Boundless Partnership with Valore

    • In 2015, Boundless merged with Valore, a Boston-based e-commerce company, in order to further pursue our shared goal of modernizing the textbook industry.
    • In 2015, Boundless merged with Valore, a Boston-based e-commerce company, in order to further pursue our shared goal of modernizing the textbook industry.

  • Getting started

    • The first method uses a third party such as a business development centre or a chamber of commerce to bring different entities together and propose working in unison.
    • The Chamber of Commerce in Henrietta, New York, for example, initiated an education and assistance program with the Audubon International Sustainable Communities Program to help foster energy and waste reduction programs between local government, business and the community.

  • Labor Management Relations Act

    • To promote the full flow of commerce, to prescribe the legitimate rights of both employees and employers in their relations affecting commerce.
    • To protect the rights of individual employees in their relations with labor organizations whose activities affect commerce.
    • To define and proscribe practices on the part of labor and management which affect commerce and are inimical to the general welfare
    • To protect the rights of the public in connection with labor disputes affecting commerce