SS1 Commerce Lesson Note on Commercial Occupation

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COMMERCIAL OCCUPATION

Commercial occupation includes all occupation that are concerned with trade and other activities that will ensure effective and efficient distribution of goods and services. These services are referred to as auxiliaries to trade and they are transportation, insurance, advertising, banking and tourism. Those who belong to this category help to distribute goods and services produced by the industries.

TYPES OF COMMERCIAL OCCUPATION

1. Trading: trading is concerned with the activities of all the people who engage in the act of buying and selling of goods and services. For home trade it involves wholesalers and retailers while foreign trade involves import and export.
2. Insurance: Insurance is concerned with the activities of people who undertake to protect individuals or business against risk. Examples of people in this occupation are the insurance brokers, underwriters and Agents.
3. Banking: Banking as a commercial occupation includes people who assist others to have money for their daily needs. They also provide capital for embarking on business e.g. bankers.
4. Advertising: adverting involves the business of providing information about the existence of products to the potential buyer. They create awareness for the product e.g. advertising agent.
5. Transportation: Transportation is concerned with the movement of goods and services to where they are needed. Those who engage in this occupation are drivers, pilot, sailors etc.
6. Warehousing: Those who engage in this occupation are concerned with ensuring that goods produced are stored until they are needed for consumption. The people involved include warehouse managers, clerks etc.
7. Tourism: Tourism is concerned with all the activities of those who engage in creating tourist attraction in different tourist centres e.g. guides in national park.
8. Communication: Communication includes all activities which promote rapid transmission of messages between senders and receivers e.g. courier service producers, telephone operator.

SERVICES

Service occupations are sometimes classified as tertiary occupation. These are occupations that render services to the people. The people pay for the services directly or indirectly.

TYPES OF SERVICE OCCUPATION

1. Direct service: Direct service includes personal services rendered for direct consumption and are paid for directly by those who enjoy the services. Those who engage in this form of occupation are barbers, stewards, family doctors, housemaid, lawyers etc.
2. Indirect service: Indirect services includes service includes services rendered to the general public but they are not paid for by the member of the public directly e.g. doctor working in the public hospital, police, soldiers, custom officers civil servants, law makers etc.

 

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