| Commerce is a situation in which a Buyer and a Seller have agreed upon an exchange of Money and Goods (possibly after a negotiation), and then perform the exchange, optionally carrying it out with various kinds of direct payment or financing or the giving of change. | |
| The Seller indicates their willingness to give the Goods in their possession to a Buyer who would give them some amount of Money. The Seller may have already decided on the amount of money that they would require, in which case it is called the Asking price. | |
| The Buyer also indicates their willingness to give an amount of money called an Offer to a Seller who would give them the Goods. | |
| Normally the process is begun by the Seller. The means by which the Seller indicates their wish to engage in an exchange are various, ranging from putting a price tag on an item on a store shelf, to advertizing, to communicating directly and specifically with a possible Buyer. In some cases, however, the process may be initiated by the Buyer indicating to a possible Seller that they would like to make an exchange. | |
| Buyer [Byr] | The Buyer has the Money and wants the Goods. | |
| She was considered a PURCHASER of the finest things | ||
| Goods [Gds] | Goods is anything including labor or time, for example, which is exchanged for Money in a transaction. | |
| She was considered a PURCHASER of the finest things | ||
| Money [Mny] | Money is given in exchange for Goods in a transaction. | |
| The PRICE of the sweater was $50. | ||
| Seller [Slr] | The Seller has the Goods and wants the Money. | |
| My local grocery store raised PRICES on meat | ||
Non-Core: | ||
| Manner [Manr] Semantic Type Manner | Manner of performing an action | |
| Means [Mns] Semantic Type State_of_affairs | The means by which a commercial transaction occurs. | |
| It is efficient to engage in COMMERCE by ship | ||
| Purpose [] Semantic Type State_of_affairs | A state of affairs that the agent intends to bring about as a result of participating in the Commercial Transaction. | |
| Rate [Rate] | In some cases, price or payment is described per unit of Goods. | |
| The authorities cut tomato PRICES to a dollar per pound. | ||
| Unit [Unit] | This FE is any unit in which goods or services can be measured. Generally, it occurs in a by-PP. | |
| The PRICE of Bob's peppers is determined by the pound. | ||
Inherits From:
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Subframe of:
Has Subframes: Commercial_transaction, Having_commercial_agreement
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Uses:
Is Used By: Businesses, Expensiveness
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Created by wooters on Wed Feb 07 16:12:28 CET 2001