B.Com. (General)

Bachelor of Commerce (B.Com)

Commerce is essential to the global economy. It encompasses everything related to the buying and selling of goods and services at both the wholesale and retail levels.

• Commerce involves the exchange of goods and services, often for a profit
• There are two branches of commerce – trade, and aids to trade.
• Trade can be either internal (within a country’s borders) or external (between countries).
• Aids to trade include transport, warehousing, distribution, advertising, insurance and banking.
• There are seven primary commerce business models: B2C (Business to Customers) , B2B (Business to Business), B2A (Business to Administration), C2A (Customers to Administration), C2C (Customers to Customers), C2B(Customers to Business) and DTC (Direct to Customers).

Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers.  Commerce involves an exchange of value and often generates a profit for one of the parties involved. It also includes services provided by companies and other organizations that facilitate the commerce exchange. Commerce is important to society in five essential ways:

• Commerce satisfies individual wants and needs
• Commerce links producers and consumers
• Commerce increases the standard of living
• Commerce creates employment opportunities
• Commerce generates profits

There are many reasons to study a commerce degree, from the transferrable skills one learns, to the people and network established along the way.

Develop key business skills

There are many skills that required for a career in business and commerce. Communication is absolutely key for starting and maintaining profitable relationships, presenting winning pitches and drafting proposals. Learning to work in a team, putting ideas forward coherently and dealing with differing opinions. Project management is something else, solving problems and prioritising to deliver services on budget and on time are learned in commerce degree program. Other skills that will equipped during the degree program includes:

• An understanding of economics and how markets affect a business
• Numeracy and the ability to interpret financial data
• Analytical and critical thinking

Employability

Many – if not all – of the skills previously mentioned are highly transferrable and useful in almost any job. If one can manage their time well, communicate effectively, and work as part of a team, one will be in demand by employers in a range of industries, such as:

• Accounting
• Consultancy
• Finance
• Human resources
• Law
• Management
• Marketing and advertising
• Financial Technology

An introduction to the business world

Gain insight into the world of business and commerce from experienced lecturers and tutors with practical experience and industry roles. One may also get the opportunity to learn from guest speakers and/or to undertake work experience.

Be your own boss

The degree will help to gain knowledge of financial management and accounting so that one feels confident and equipped to start their own business. An individual  may be creative and have the best business idea in the world, but it will be greatly enhanced by knowing how to market their product. A degree in commerce is also a chance to network and share ideas with like-minded individuals.

Learn about multiple disciplines

Commerce is a wide subject, focusing on areas including economics, accounting, finance, human resource management, entrepreneurship and supply chain management. This will enable a student to tailor their learning to what interests them most.

RAAK Arts & Science College is offering a three years undergraduate degree program Bachelor of Commerce (B.Com.). The college is affiliated to Annamalai University, Annamalainagar, Chidambaram, India. The course is based on the syllabus (curriculum) prescribed by the University.