Commerce

Scheme of work for Commerce, SS1, Third Term

len Alfred Ajibola - Tue, 27th August, 2019 @ 17:15: PM

Topics in Commerce

Scheme of Work for Commerce, SS1, First Term Scheme of work for Commerce, SS1, Second Term Scheme of work for Commerce, SS1, Third Term Division of Labour - Conditions necessary for Division of Labour Forms, Advantages and Disadvantages of Division of Labour Balance of Trade and Balance of Payments Production - Definitions, Examples and Types of Production Deferred payment and its benefits Commodity Market, Types and Importance of Commodity Market Marketing: The Four P's of Marketing and Branches of Marketing Meaning, Scope, Functions and Characteristics of commerce



Academic Questions in Commerce

Please check out our Test Your Knowledge page to see all Questions and Answers

What does a bearer cheque mean?

What is an order cheque?

Scheme of Work for Commerce, SS1, 3rd Term:

 

WEEK 1

Topic: CAREER OPPORTUNITIES

  • Types of Occupation
  • Career Opportunity
  • Requirements for the various Careers
  • Factors to be considered before choosing Career
  • Career Hazard

 

WEEK 2

Topic: CO-OPERATIVE SOCIETIES

  • Definition, Formation, Characteristics and History of Co-operative movement
  • Types of co-operative societies:
    a. Consumer Co-operative
    b. Producer Co-operative
    c. Wholesaler Co-operative
    d. Retailer Co-operative
    e. Thrift and Credit societies
    f. Multi-purpose

 

WEEK 3

Topic: CO-OPERATIVE SOCIETIES

  • Advantages, Disadvantages, and Problems of Co-operative societies in Nigeria
  • Public Enterprises: Meaning, Formation, Management and Sources of Capital

 

WEEK 4

Topic: PUBLIC ENTERPRISES

  • Reasons for Government ownership of Public Enterprises
  • Advantages and Disadvantages of Public Enterprises
  • Discuss various types of public enterprises and their methods of formation

 

WEEK 5

Topic: LIMITED LIABILITY COMPANIES

  • Meaning
  • Types: Private and Public
  • Formation (Legal requirement for the formation of a Limited Liability Company)
  • Memorandum of Association
  • Article of Association, Prospectus, Certificate of Incorporation and Trading

 

WEEK 6

Topic: LIMITED LIABILITY COMPANIES

  • Sources of capital
  • Shares, debentures, retained profit, loans, and overdraft, etc
  • Other sources of capital: Trade Credits, Equipment/Leasing
  • Advantages and Disadvantages of Limited Companies
  • Liquidation/Dissolution of a Limited Liability Company

 

WEEK 7

Topic: TRADE ASSOCIATION AND OTHER ENTERPRISES

  • Definition and examples
  • Aims and functions
  • Chamber of commerce: Maning, Aims, Functions and Structure.
  • Consortium, Cartel, Amalgamation/Merger/Combine Trust Holding

 

WEEK 8

Topic: MONEY

  • Meaning, History/Evolution of Money
  • Qualities of Money
  • Types and Forms of Money
  • Similarities and Differences between Money and other commodities used for exchange in trade by barter

 

WEEK 9

Topic: TRANSPORTATION

  • Meaning, Importance and Forms of Transportation
  • Land (Road & Rail): Advantages and Disadvantages
  • Water (Advantages and Disadvantages)

 

WEEK 10

Topic: TRANSPORTATION

  • Forms of transportation
  • Air Transportation: Advantages and Disadvantages
  • Pipeline Transportation: Advantages and Disadvantages
  • Identify documents used in transportation

 

WEEK 11

Topic: COMMUNICATION

  • Definition
  • Types: Oral, Written, Visual, Non-verbal etc
  • Advantages and Disadvantages of the Types of Communication

 

WEEK 12

  • Revision

 

WEEK 13

  • Examination

 

See Scheme of Work for Commerce, SS1 First Term here

See Scheme of Work for Commerce, SS1 Second Term here


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len

Alfred Ajibola is a Medical Biochemist, a passionate Academician with over 7 years of experience, a Versatile Writer, a Web Developer, a Cisco Certified Network Associate and a Cisco CyberOps Associate.



Amazing facts in Commerce

Amazon is an e-commerce website launched in 1995. It did not make any profit for its first seven years.
Amazon's first profit was in 2003. Its founder "Jeff Bezos" is the richest man in the world as at 2018/2019


NOTABLE POINTS IN Commerce

Commerce can be defined as the exchange of goods and services, usually for money and on a large scale that will require the transportation of such goods and services.

Commerce is very important to the life of any Nation for the following reasons:

  1. Commerce facilitates the exchange of goods and services which everyone can enjoy, regardless their location or whether the goods is produced within or outside their country.
  2. Commerce creates an awareness of the existence of goods and services through advertising.
  3. Commerce offers employment to a very large number of people in a Nation.
  4. Commerce promotes rapid transfer of both oral and written messages through communication.
  5. Commerce determines the standard of living in a Nation. This is because the extent of commercial activities is crucial to wealth of  a nation.
  6. Commerce makes for the protection against risk in day to day business operations.
  7. Through commerce, there is a steady supply of goods in a Nation. This is because commerce ensures that goods produced are stored until needed.

A public company is not owned by an individual. Usually, it is owned by groups or a very large number of people.

The shares of a public company are traded freely on the stock exchange.

Below are some features of a public company

  1. A public company must receive it’s training certificate to commence business.
  2. The minimum membership is two while the maximum membership is limitless.
  3. A public company has a legal status. It can sue and be sued.
  4. A public company files and publishes its annual reports, including its accounts.
  5. The liability of its members is limited.
  6. The shares are easily transferrable through the stock market.
  7. A public company can issue debentures to be secured as its assets.

Please read on the types of business structure here

The four elements of the marketing mix are usually referred to as the 4 “P”. These are:

  1. Product: Anything thing that satisfies a consumer’s need is referred to as a product. Product may come in the form of manufactured goods, raw materials or services.
  2. Price: Price is defined as the exchange value of goods and services supplied. In simple terms, it serves as a mechanism of exchange.
  3. Promotion: It involves all the processes that concerns with how business organizations should inform their customers about its product. If done properly, the demand of product will be increased. Promotions can take the form of advertising, search engine optimization, social media marketing, trade fairs exhibition and so on.
  4. Place: The place as a marketing mix concerns variables such as location and transport facility where the distribution of goods and services take place.

Think of marketing mix as the set of marketing tools that an industry or company uses to drive or accomplish its marketing objectives in the target market

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