Commerce

Examine how goods and services move from producers to customers. You will study businesses and the services supporting trade, using Southern African markets as a practical setting. Cases develop your ability to compare options, interpret records and explain commercial decisions.

Pathway subject

Learning outcomes

• Explain how commercial services connect producers and customers.
• Compare business arrangements for a stated trading situation.
• Interpret commercial records and recommend a justified course of action.

Main topics

• Production, exchange and business ownership
• Home and international trade
• Banking, finance and payment systems
• Insurance and commercial risk
• Transport, warehousing and communication
• Marketing, consumer interests and business records

Practical task

Map the route of a familiar product from supplier to customer and explain the services, costs and risks along the route.

Assessment

Commercial case studies, structured questions, record interpretation and a short trading-system investigation.