08 Management and Commerce

Management and Commerce is the study of the theory and practice of planning, directing, organising, motivating and co-ordinating the human and material resources of private and public organisations and institutions. It includes the merchandising and provision of goods and services and personal development.

The theoretical content of Broad Field 08 Management and Commerce includes:

• management and administration
• human and material resources management
• sales and marketing
• finance and financial management
• human behaviour and time management

The main purpose of this broad field of education is to develop an understanding of the theory and practice of decision making and policy formation, organisational development, planning, financial management, and the marketing and selling of goods and services.

This broad field comprises the following narrow fields: