Commerce refers to all the activities around the exchange of goods or services for something of value like currency or, in bartering societies, other goods or services, including the process of getting those goods from manufacturer to customer and everything in between.
Electronic commerce is changing the way to do business. Nowadays many transactions are made through the Internet. Another critical issue that will be discussed is the way mobile Internet can change the way we communicate and do business. Delivery drones are among the main trends for digital retail and will certainly be part of the future of e-commerce. Another strong trend in e-commerce is to give payment options for the consumer, mainly fast payments, making the checkout process more accessible and agile.
Read MoreIn the olden days, people engaged in subsistence production. This means they were producing goods for themselves and their family. Later they started interacting with one another because it was difficult for them to meet their daily requirements. The system of exchanging goods for goods, called trade by barter then came into existence. This is the genesis of exchange and the beginning of commercial activities worldwide. Trading activities were however limited to internal trade only. The first form of foreign trade in Nigeria was the Trans Sahara trade in which camels were used as means of transportation
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