Back to: COMMERCE SS2
Welcome to Class !!
We are eager to have you join us !!
In today’s Commerce class, We will be learning about Communication. We hope you enjoy the class!
CONTENT
- Importance of Communication to Commerce
- Functions/Services of NIPOST
- Functions/Services of NITEL
- Services of Courier firms(companies)
Communication is the act of sending and receiving message/information from one person or place to another. Communication could be oral, written or visual.
IMPORTANCE OF COMMUNICATION TO COMMERCE
- It facilitates contacts between businessmen
- It creates awareness for goods and services thereby increasing demand for goods/sales
- It facilitates the settlement of business debts e.g. Mail transfer
- The use of wireless makes it possible to control ships, aeroplanes, space crafts, etc.
- It facilitates mail-order business
- It links the whole world into one economic unit thereby facilitating international trade.
- It facilitates the distribution of vital business documents as well as goods
- It reduces the cost and risk in travelling for business transactions
MEANS OF COMMUNICATION
i. Posters ii. Radio iii. Television
iv. Letters v. Telephone vi. Telegrams
vii. Telex viii. Internet ix. Satellite
x. Post office.
FUNCTIONS/SERVICES OF NIPOST
- Issuance of postage stamps
- Ordinary letter post
- Parcel post
- Registered Letters
- Express Letters
- Private boxes (P.O Box) and bags (P.M.B)
- Poste Restante
- Recorded Delivery
- Business Reply Services
- Licensing of franking machine.
- Free post
- Airmail services
- Acting as an agent of payment
- Cash on Delivery (C.O.D) Services
- Acts as a savings Bank
- Provision of means of payment e.g. postal orders, money orders etc.
EVALUATION QUESTIONS
- List five services provided by NIPOST.
- State five importance of communication in commerce.
We have come to the end of this class. We do hope you enjoyed the class?
Should you have any further question, feel free to ask in the comment section below and trust us to respond as soon as possible.
In our next class, we will continue learning about Communication. We are very much eager to meet you there.
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