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Scope in Commerce is tremendous if I would answer in one line. Commerce is the back bone of any industry, therefore you need not at all worry about it.
The only important thing for me as a Counsellor and your Guide is to see whether you are good for commerce field or no? What have you studied till now? 10th appeared or graduated already?
Scope in commerce
I would suggest that you should appear for the Stream Suggestor Test from careerguide
. This psychometric test will help you select the correct stream after 10th . If commerce is the stream suggested to you in the instantly generated report, then go ahead.
Some career options in Commerce for your reference as below:
Cost & Management Accountancy
Chartered Financial Analysts
Human Resource Management
Supply Chain Management
scope in commerce
Commerce is a broad term that encompasses a wide range of activities related to buying and selling goods and services. The scope of commerce is vast and includes various areas such as marketing, sales, finance, accounting, logistics, supply chain management, e-commerce, and international trade. In this article, we will discuss the scope of commerce in detail.
Marketing is an essential component of commerce. It involves identifying customer needs, developing products or services to meet those needs, and promoting them through advertising, sales promotions, and public relations. Marketing plays a crucial role in the success of a business, as it helps to increase sales and profitability. Marketing job roles include marketing managers, market research analysts, and advertising executives.
Sales are another critical component of commerce. It involves persuading customers to purchase products or services through personal selling, telemarketing, or online sales. Salespeople must have excellent communication and interpersonal skills to build strong relationships with customers. Sales job roles include sales managers, sales representatives, and sales associates.
Finance is the study of money management, including investments, budgeting, and financial planning. In commerce, finance plays a critical role in managing the financial resources of a business, including accounting, financial analysis, and investment management . Finance job roles include financial analysts, accountants, and investment bankers.
Accounting is the process of keeping track of a business's financial transactions, including revenue, expenses, and profits. It involves preparing financial statements, maintaining records, and ensuring compliance with financial regulations. Accounting job roles include auditors, bookkeepers, and financial analysts.
Logistics and Supply Chain Management:
Logistics and supply chain management are essential components of commerce. Logistics involves the movement of goods and services from the point of origin to the point of consumption, including transportation, warehousing, and inventory management. Supply chain management involves managing the entire process of producing and delivering products and services, including sourcing, manufacturing, and distribution. Job roles in logistics and supply chain management include logistics coordinators, supply chain managers, and procurement managers.
E-commerce has become an increasingly important aspect of commerce in recent years. It involves buying and selling goods and services over the internet, including online shopping, online payments, and digital marketing. E-commerce job roles include web developers, digital marketers, and e-commerce managers.
International trade is an essential component of commerce, involving the exchange of goods and services between different countries. It requires knowledge of international trade regulations, customs, and tariffs, and the ability to conduct business in different languages and cultures. International trade job roles include international trade analysts, import/export managers, and trade compliance managers.
In conclusion, the scope of commerce is vast and offers a wide range of career opportunities in different sectors. Whether you're interested in marketing, sales, finance, accounting, logistics, supply chain management, e-commerce, or international trade, there is something for everyone in the world of commerce. With the increasing globalisation of markets, the scope of commerce is only set to grow, providing exciting career prospects for individuals with the right skills and knowledge.
What are the scopes in commerce, Marketing is the process of identifying, anticipating, and satisfying customer needs and wants through the creation, promotion, and distribution of products or services. The primary goal of marketing is to drive profitable customer action by building brand awareness, creating demand, and driving sales.
Marketing encompasses a wide range of activities, including market research , product development, pricing, advertising, sales promotions, public relations, and customer service. These activities are often organized into a marketing mix or the four Ps of marketing: product, price, place, and promotion.
Product refers to the physical or virtual goods or services that a business offers to customers. Marketing professionals are responsible for developing and launching new products or services that meet customer needs and wants. They conduct market research to understand consumer preferences and identify opportunities for innovation.
Price refers to the amount customers pay for a product or service. Marketing professionals are responsible for setting prices that are attractive to customers while generating profits for the business. They consider factors such as production costs, competition, and consumer demand when setting prices.
Place refers to the distribution channels used to deliver products or services to customers. Marketing professionals are responsible for identifying the most effective distribution channels to reach target customers. They consider factors such as customer preferences, geographic location, and distribution costs when selecting distribution channels.
Promotion refers to the activities used to communicate with customers and create demand for products or services. Marketing professionals are responsible for developing and executing advertising, sales promotions, public relations, and other promotional activities. They aim to build brand awareness, generate interest, and drive sales through effective communication with customers.
What are the scopes in commerce , Marketing plays a critical role in the success of any business. By understanding customer needs and wants, businesses can develop products or services that meet those needs and wants, and create a competitive advantage in the marketplace. Effective marketing strategies can drive customer loyalty, generate revenue, and create long-term growth opportunities for businesses .
Some of the popular job roles in marketing include marketing managers, market research analysts, advertising executives, public relations specialists, and digital marketing specialists. These roles require a mix of analytical and creative skills, including market research, strategic planning, communication, and innovation.
Sales refer to the process of selling goods or services to customers. It involves building relationships with potential customers, understanding their needs, and persuading them to purchase products or services. The primary goal of sales is to drive revenue and increase customer satisfaction.
Sales can be divided into two main categories: business-to-business (B2B) sales and business-to-consumer (B2C) sales. B2B sales involve selling products or services to other businesses, while B2C sales involve selling products or services directly to consumers.
What are the scopes in commerce , Sales professionals are responsible for identifying potential customers, building relationships with them, and persuading them to purchase products or services. They use a variety of sales techniques, including cold-calling, email marketing , and face-to-face meetings, to connect with potential customers and close deals.
Sales professionals need to have excellent communication and interpersonal skills to build strong relationships with customers. They also need to be knowledgeable about the products or services they are selling and understand how they can meet the customer's needs.
In addition to selling products or services, sales professionals are also responsible for providing excellent customer service. They must ensure that customers are satisfied with their purchases and address any concerns or complaints that arise.
Sales plays a critical role in the success of any business. Effective sales strategies can drive revenue, increase customer loyalty, and create long-term growth opportunities for businesses. Some of the popular job roles in sales include sales managers, sales representatives, and sales associates.
In summary, sales is a critical component of any business and involves building relationships with potential customers and persuading them to purchase products or services. Sales professionals need to have excellent communication and interpersonal skills and be knowledgeable about the products or services they are selling. Effective sales strategies can drive revenue, increase customer satisfaction, and create long-term growth opportunities for businesses.
Finance is the study of how individuals, businesses, and organizations manage money and invest resources. It involves the analysis of financial information, the creation of financial strategies, and the management of financial resources to achieve specific goals.
Finance can be divided into three main categories: personal finance, corporate finance, and public finance. Personal finance involves managing an individual's personal financial resources, including income, expenses, investments, and debt. Corporate finance involves managing a company's financial resources, including financial planning, investment decisions , and risk management. Public finance involves managing the financial resources of government entities, including taxation, budgeting, and debt management.
What are the scopes in commerce , Finance professionals use a variety of tools and techniques to manage financial resources. They analyze financial statements, perform financial forecasting and budgeting, and make investment decisions based on financial data. They also manage risks by using financial derivatives, such as options and futures, to hedge against potential losses.
Finance plays a critical role in the success of any business or organization. Effective financial strategies can help companies make informed decisions, increase profitability, and create long-term growth opportunities. It also enables individuals to achieve their financial goals, such as saving for retirement or paying off debt.
Some of the popular job roles in finance include financial analysts, investment bankers, financial managers, and financial planners. These roles require a mix of analytical, strategic, and communication skills, as well as a strong understanding of financial markets and economic trends.
In summary, finance is the study of how individuals, businesses, and organizations manage money and invest resources. It involves analyzing financial data, creating financial strategies, and managing financial resources to achieve specific goals. Effective financial strategies can drive profitability, create long-term growth opportunities, and help individuals achieve their financial goals.
Accounting is the process of recording, classifying, and summarizing financial transactions to produce financial statements. It involves the analysis and interpretation of financial data to help individuals and organizations make informed decisions about their financial resources.
Accounting can be divided into two main categories: financial accounting and management accounting. Financial accounting involves the preparation of financial statements, such as balance sheets and income statements, to provide information to external stakeholders, such as investors, lenders, and regulators. Management accounting involves the use of financial information to help internal stakeholders, such as managers, make decisions about operations, investments, and resource allocation.
What are the scopes in commerce , Accounting professionals use a variety of tools and techniques to record and analyze financial data. They use accounting software to record transactions, prepare financial statements, and generate reports. They also use financial ratios, such as profitability and liquidity ratios, to analyze the financial health of organizations.
Accounting plays a critical role in the success of any business or organization. It helps managers make informed decisions, enables investors and lenders to evaluate the financial health of companies, and ensures compliance with financial regulations. It also provides individuals with important financial information to make informed decisions about investments, retirement planning, and other financial decisions.
Some of the popular job roles in accounting include certified public accountant (CPA), financial analyst, tax accountant, and auditor. These roles require a mix of technical, analytical, and communication skills, as well as a strong understanding of accounting principles and regulations.
In summary, accounting is the process of recording, classifying, and summarizing financial transactions to produce financial statements. It involves the analysis and interpretation of financial data to help individuals and organizations make informed decisions about their financial resources. Effective accounting practices can drive profitability, ensure compliance with financial regulations, and help individuals make informed financial decisions.
E-commerce, short for electronic commerce, refers to the buying and selling of products or services over the internet. It has become increasingly popular over the past few decades as more people have gained access to the internet and online shopping has become more convenient and secure.
E-commerce can be divided into four main categories: business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and consumer-to-business (C2B). B2B e-commerce involves the buying and selling of goods and services between businesses, while B2C e-commerce involves the buying and selling of goods and services between businesses and consumers. C2C e-commerce involves the buying and selling of goods and services between consumers, while C2B e-commerce involves the selling of goods and services by individuals or small businesses to larger organizations.
What are the scopes in commerce , E-commerce businesses use a variety of tools and techniques to market and sell their products or services online. They use online advertising, social media marketing, and search engine optimization to drive traffic to their websites. They also use online marketplaces, such as Amazon and eBay, to reach a wider audience and sell their products or services.
E-commerce businesses must also focus on providing a seamless and secure online shopping experience for their customers. This involves ensuring that their websites are user-friendly and easy to navigate, providing secure payment options, and offering reliable shipping and customer service.
E-commerce has become a critical component of the modern economy, with many businesses relying on online sales for a significant portion of their revenue. It has also created new opportunities for entrepreneurs and small businesses to reach a wider audience and compete with larger companies.
What are the scopes in commerce , In summary, e-commerce refers to the buying and selling of products or services over the internet. It has become increasingly popular over the past few decades and can be divided into several categories. E-commerce businesses use a variety of tools and techniques to market and sell their products or services online and must focus on providing a seamless and secure online shopping experience for their customers. E-commerce has become a critical component of the modern economy and created new opportunities for businesses and entrepreneurs.
There are so many career options available for Commerce students. It depends upon your choice of interest which you wanna opt. Here are some options mentioned below:-
So choose your stream wisely, or you can also opt Psychometric Test for much clearer view.
After completion of your masters’ in commerce, you can appear in UGC NET (University Grants Commission National Eligibility Test).
Central Board of Secondary Education conducts the UGC NET Exam.
UGC NET is one of the mot popular entrance exam in India through which aspirants are get selected for Lectureship and for Junior Research Fellowship.
To get eligible for this exam, you must have completed your post-graduation with minimum 55% aggregate marks (50% for SC/ST/PwD/OBC candidates)
After qualifying UGC NET Exam, you can go for various PSU jobs
Other options are –
I hope it helps!
I would also like to add that the UGC NET JRF certification offers some quite decent career opportunities to the aspirants.
I hope this helps you to some extent.All the Best!!
FreeLancer Academic and Career Guidance Counsellor
Mrs. Halima is a postgraduate in psychology from Osmania University and a International Diploma in Guidance & Counseling in collaboration with COL, Canada. She posses Enormous experience in Academic and Psychological Counseling and had done Project on “Counseling & Guidance using ACA & APA standards “, “Motivation to enhance academic achievements”,” Comparative analysis of Self Confidence of undergraduate boys & girls”. She had worked as an Academic Research Associate at Indian Institute of Management, Indore. She specializes in educational, career and academic counseling and guidance, Organizational behavior.
Career Advisor / Phd Scholar
A Psychologist with 13 years of experience in corporate, schools and hospitals. Have coordinated training programs, and developed a new product for leadership development of adolescents, conducted many workshops and lectures for parents, teachers and students during my tenure at the school.
Dealing with clients who have problems concerning adjustment with work, family and helping them lead a better and healthy life is what I strive for. Using therapeutic techniques and assessment tools has helped me so far in making a difference in the life’s of those that I worked with.
The core characteristics that have helped define and guide my career and personal relationships have been focused on flexibility, commitment, openness, challenge, and growth. Managing time and ability of multi-tasking; Excellent communication & convincing skills; Managing Events and good team player; Eye for details and striving for excellence in everything; Being proactive and responsible; Proven ability to learn quickly and become an expert; Skilled at producing quality work with limited resources.
· Assessment and Development Centres
· Behaviour Facilitation
· Content Development
· Psychological therapies like CBT, REBT, Behaviour Therapy, Client Centred Play Therapy, Relaxation Therapy
· Psychological Assessments like personality tests, intelligence tests, projective tests, diagnostic tests, aptitude tests
16 yrs across 6 sectors (Wellness, Retail, Supply Chain, Financial Services, Education)
Sid is a result oriented, versatile leader with a coveted multi-sector exposure to running cos at different stages of evolution (start-up, growth and turnaround situations) having worked very closely with 4 MD's/CEOs + influenced a vast number of stakeholders in his remarkable 16 yr career. (> 60 recommendations received are listed).
Over the years, he has successfully handled extremely critical + diverse functions ranging from Strategy (incl Analytics), Corporate Affairs (Media & Investor Relations / Communications), BD & Mkting, Ops & SCM, HR + Corp Fin (M&A).
He is a self starter, an innovative thinker having the ability to effectively navigate complex and ambiguous situations while operating within constraints.
Sid is a young, dynamic leader, firm decision maker possessing fluent communication & smart negotiation skills, sharp analytical abilities, acute attention to detail, systems orientation and an unwavering spirit to keep learning!
He is an alumnus of IIM Indore, JBIMS, ICAI and a graduate in commerce from Mumbai University.
Thanks to the diverse exposure over the years (across Wellness & Healthcare, Retail, Supply Chain, Furnishings, Financial & Consulting Services, Education), Sid has developed a strong natural ability to draw learnings from multiple sectors & domains and adapt, apply them in varied contexts. This empowers his strategic thinking & decision making capabilities. Also he has smartly blended his hands-on approach with the imperative of building & driving high potential teams towards meticulous execution.
This makes him highly confident of handling senior roles like Business Head with P&L responsibility, Chief Strategy Officer or a Business Consultant. For some he could even don the hat of a TRULY Independent Director (DIN: 07313029)
The fact that he is extremely comfortable with Hi Variable comp & Aggressive ESOPS is a reflection of his self belief & confidence in overcoming business challenges & EXCEEDING performance metrics.
Career Guide, Educationist, Author and Clinical Psychologist
Dr. K.V Anand is a PhD in Counseling Psychology from Fort Jones University USA with MSc In Applied Psychology and MS in Psychotherapy. He is an expert in psychometric tests to facilitate awareness about various psychological traits, personality, skills, aptitude etc. He is a Certified Motivation trainer and personality development trainer. He is experienced in evaluating of psychology or psychiatry cases. Uses Psychometric tests such as personality, bipolar disorder test evaluation, student counseling. He has more than 9 years experience in soft skill training field covering career guidance, education, motivation, personality development, team building, leadership skills, stress management, conflict management, decision making. Beside this he is a active writer and have books related to psychology under his name such as “Adolescence mental Problems” and ”Infant and Child Psychology”
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