Departments

Departments - Department of Commerce - Activities & Achievements

Activities:

 

Awareness and  Education Programme on Financial Literacy

 

Date:25/07/2024

Time:4 pm - 5 pm

Resource Person:  Mr. Anil Kumar

Venue: Seminar Hall

                     The Department of Commerce successfully organized a program focused on Financial Literacy in collaboration with State Bank of India (SBI) Jangaon. During the event, Mr. Anil Kumar from SBI delivered an insightful speech, emphasizing the importance of financial literacy in today’s world.

                The program aimed to equip students with essential knowledge on managing their finances effectively and to provide students with a clear understanding of various financial products, budgeting techniques, and saving strategies that could help them make informed financial decisions.

                The resource person Mr. Anil Kumar covered a range of topics, including the importance of savings, the benefits of investing in mutual funds, recurring deposits, and fixed deposits, as well as tips for budgeting and managing personal finances. Interactive discussions and real-life examples were used to engage the students and help them better understand the concepts of financial planning. He also highlighted the various digital banking services offered by SBI, emphasizing the convenience and security of online transactions, mobile banking, and how to manage accounts using the SBI app.

               By the end of the program, students were more aware of the importance of financial literacy and were encouraged to start planning their finances early. 

 

FACULTY INCHARGE:

 P. Chandrika

M. Nitheesha

 

Field Trip

Date: 10/09/2024

Time: 2pm to 5 pm

Group: B.Com (CA) III Year

                  The Department of commerce has organized a Field trip for B.Com (CA) III year students. Students were taken to More Supermarket located at Jangaon city. The tour began with an introduction to the store's layout, showing the students how different sections — from fresh produce to dairy, meats, and household products — are organized. The manager explained how products are stocked, how inventory is managed, and how stores make decisions about which items to sell.

                   The students were particularly intrigued by the logistics of how goods get from warehouses to shelves, and how supermarkets decide what products to feature prominently. It was a real-world application of what they'd been learning about supply chains, marketing, inventory management and business management in their classrooms.

                   As part of the field trip, the students were divided into small teams and given a specific budget to work with. Their mission was to create a shopping list that covered all the necessary items for a week’s worth of groceries, while staying within the allotted budget. Each team was equipped with calculators and a sheet listing the prices of various products throughout the store.

                 Working together, the students carefully examined the prices, taking note of any discounts or promotions. They compared different brands, sizes, and quantities to find the best value for their money. The teams quickly realized that the key to staying within budget wasn’t just picking the cheapest items, but making smart choices about which products to prioritize and where to find the best deals.

                 By analyzing price tags and promotions, students learned how pricing strategies such as "buy one, get one free" or bulk discounts can influence shopping behavior. The exercise provided a tangible way to understand the concept of value for money, something that is highly relevant in everyday life.

                  In the end, the trip to the supermarket proved to be both fun and educational. It gave the students an interactive way to learn about budgeting, nutrition, and the inner workings of a business. More importantly, it helped them make the connection between what they learn in the classroom and how they can apply that knowledge in their daily lives.

 

FACULTY INCHARGE:

 P. Chandrika

 

ACHEIVEMENTS:

  • V.SWATHI  HAD SECURED A SEAT IN M.Com IN OSMANIA UNIVERSITY.
  • S.MADHUSHA HAD SECURED A SEAT IN SATAVAHANA UNIVERSITY.
  • R.ANUSHA HAD SECURED A SEAT IN SATAVAHANA UNIVERSITY.

 

 

 

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