Commerce Abbreviations

The term commerce derives from the Latin concept commercĭum and refers to the negotiation that takes place when buying or selling goods and merchandise. The name of commerce is also given to any store, warehouse or commercial establishment, and to the group or class of merchants.

In other words, commerce is the socio-economic activity that consists of buying and selling goods, whether to enjoy them, sell them or transform them. It is the transaction of something in exchange for something else of equal value (which could be money).

In the past, commerce functioned by exchanging one product for another (known as barter), since money did not yet exist. Therefore , no one knew for sure the value of one commodity or another, and each one had to value their product. Even today, the concept of commerce exists as the “exchange of products”, only now a product is exchanged for money.

The merchant is the natural or legal person who lives from commerce, that is, for whom commercial transactions constitute his livelihood.

There are several trade classes. For example, retailing (or retailing) is the activity of buying and selling goods whose buyer is the final consumer (ie the person who uses or consumes the good in question).

Wholesaling (or wholesale) is the activity of buying and selling in which the buyer does not correspond to the final consumer, since his objective is to resell (hence the name resale) the goods to another trader or to a company. manufacturing company that uses the raw material to transform/process it.

It is also possible to differentiate between internal trade, which is the activity carried out by two people or companies within the same country (that is, that are subject to the same jurisdiction), and foreign trade, which is carried out between people who live in different countries. Foreign trade results in export and import activities.

With the arrival of the internet, commerce has had many changes in the way products are bought and sold. Today it is possible to negotiate very quickly, without the need for a large team or space and with less bureaucracy.

And one of these changes was the arrival of e-commerce (electronic commerce). The term e-commerce or electronic commerce comes from “electronic commerce” and it is precisely that: an online business that works through devices such as cell phones and computers, allowing users to purchase products and services from anywhere in the world and receive at the comfort of your home .

E-commerce works with the entrepreneur selling his product over the internet, with the help of a sales site such as Mercado Livre or eBay, through social networks or even having his own sales site (a Virtual Store). Currently, we can find virtually any product for sale in an e-commerce. However, there are still some restrictions such as very large and heavy products and some toxic products, for example. But there are not many limitations on products such as home appliances, books, fashion items , auto parts, among others, and these can normally be sold through e-commerce.

List of Acronyms Related to Commerce