Commerce And Production: Trade And Commerce: Types Of Commerce (Copy)
Cheat Sheet: 1.1.3 Types of Commerce
| Type | Meaning | Examples | Key Features |
|---|---|---|---|
| Traditional Commerce | Buying and selling goods/services at a physical location | Retail shops, supermarkets, wholesale markets | Face-to-face, physical interaction, limited to working hours |
| E-commerce | Buying and selling via internet/websites | Amazon, Daraz, eBay | 24/7 access, global reach, requires internet |
| M-commerce | Buying and selling via mobile devices | FoodPanda app, Uber app, mobile banking | Mobile apps, portability, convenience |
| S-commerce | Buying and selling via social media platforms | Facebook Marketplace, Instagram Shops, TikTok Shops | Social engagement + transactions, targeted marketing |
Written and Compiled By Sir Hunain Zia, World Record Holder With 154 Total A Grades, 7 Distinctions and 11 World Records For Educate A Change O Level And IGCSE Commerce Full Scale Course
| Comparison | Traditional | E-commerce | M-commerce | S-commerce |
|---|---|---|---|---|
| Location | Physical shops | Online websites | Mobile apps | Social media |
| Accessibility | Limited hours | 24/7 | Anytime, anywhere | Linked to social media |
| Customer Reach | Local/regional | Global | Wider, mobile users | Social networks, followers |
| Examples | Grocery store | Amazon | Uber Eats | Instagram Shop |
Written and Compiled By Sir Hunain Zia, World Record Holder With 154 Total A Grades, 7 Distinctions and 11 World Records For Educate A Change O Level And IGCSE Commerce Full Scale Course
| Strengths | Traditional | E-commerce | M-commerce | S-commerce |
|---|---|---|---|---|
| Advantage | Personal service, trust | Convenience, wider market | Easy on-the-go access | Combines social interaction with buying |
| Limitation | Limited reach & hours | Needs internet, delivery costs | Screen size limitations | Dependent on social media presence |
Written and Compiled By Sir Hunain Zia, World Record Holder With 154 Total A Grades, 7 Distinctions and 11 World Records For Educate A Change O Level And IGCSE Commerce Full Scale Course
| Scenario | Example Application |
|---|---|
| Traditional Commerce | A customer buying clothes from a local boutique |
| E-commerce | A student ordering books on Daraz |
| M-commerce | A family ordering dinner via FoodPanda mobile app |
| S-commerce | A teenager buying sneakers through Instagram Shop |
Written and Compiled By Sir Hunain Zia, World Record Holder With 154 Total A Grades, 7 Distinctions and 11 World Records For Educate A Change O Level And IGCSE Commerce Full Scale Course