Titlebook: Basic Commerce for First Examinations; J. Randall Stott Textbook 1973Latest edition Macmillan Publishers Limited 1973 commerce.examination

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The Wholesale Trade,The term ‘wholesale’ means bulk sales, or sales in large quantities.

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Laconic

Business Combinations and Public Enterprise,Mass production and specialisation are the keynotes of big industry and large-scale organisations. The big firms amalgamate with each other and absorb the smaller firms, seeking to widen their market by reducing competition and economising in advertising and in production overheads. There are two main types of combination.

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SMART

The London Money Market,The ‘money market’ in its narrower sense refers to the merchant bankers, and the discount and issuing houses, but in its wider sense it also embraces the whole of the British banking system, the Bank of England and the Stock Exchange.

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Offbeat

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aggressor

https://doi.org/10.1007/978-3-476-99414-1apter is concerned with money in the form of paper currency and cash (silver, nickel and copper), and with the Post Office’s facilities for payment. Other forms of money — cheques, credit transfers, and bills of exchange, are explained in Chapters 16, 17 and 18.