Exploring Ecommerce: Mastering the Language of Commerce

Exploring Ecommerce: Mastering the Language of Commerce

Learning Objective

At the end of the lesson, you will be able to understand and use ~ 15 key vocabulary words related to ecommerce and commerce in a written context.

What do you already know about ecommerce and the vocabulary related to commerce?

Write down 2 things you want to know more about.

Here, students enter two things they would like to know more about. This not only increases involvement, but also gives them more ownership.

Slide 1: Introduction

Definition of ecommerce: the buying and selling of goods and services over the internet.

Slide 2: Vocabulary Word 1

Commerce - the activity of buying and selling products and services.

Slide 3: Vocabulary Word 2

Supply chain - the sequence of processes involved in the production and distribution of a product.

Slide 4: Vocabulary Word 3

Inventory - the stock of goods a business holds for sale.

Slide 5: Vocabulary Word 4

Marketing - the activities businesses undertake to promote the buying and selling of products or services.

Slide 6: Vocabulary Word 5

Consumer - a person who purchases goods or services for personal use.

Slide 7: Vocabulary Word 6

Revenue - the income generated from the sale of goods or services.

Slide 8: Vocabulary Word 7

Profit - the financial gain achieved when revenue exceeds expenses.