SS1 Commerce

Commerce for SS1. Study commerce questions and answers, and lesson notes. 1st, 2nd & 3rd term.

Practise for Exam/Quiz

1st term

  1. Meaning and Scope of commerce
  2. Functions of commerce
  3. Characteristics of commerce
  4. E-commerce: meaning, and functions
  5. Differences between commerce and e-commerce
  6. Historical background of commerce in Nigeria.
  7. Factors affecting the growth of commerce.
  8. The barter system.
  9. Meaning of occupation
  10. Classifications of occupation.
  11. Factors that determine types of occupation and employment.
  12. Meaning and types of industry
  13. Factors determining the volume of production.
  14. Factors of production
  15. Limitations to division of labour.
  16. Specialization and exchange.
  17. Meaning of trade
  18. Types of trade
  19. Relationship among the different types of trade.
  20. Retail trade.
  21. Factors to be considered before setting up retail shop.
  22. Small scale retailing
  23. Store/market trader
  24. Unit/tied shop
  25. Reasons for survival or small scale retailers.
  26. Problems of small scale retail business.
  27. Super market
  28. Departmental store
  29. Multiple/chain store
  30. Mail order business firms
  31. Hyper market
  32. Variety store/one top shop
  33. Retail/whole sale co-operative society
  34. Branding
  35. Self services
  36. After sale services-
  37. Factors to be considered before choosing a particular channel of distribution board.
  38. Meaning, elimination and survival of the middlemen.
  39. Criticism/reasons that may warrant the elimination of middlemen.
  40. Merchant wholesaler: functions and types.
  41. Agent middlemen

2nd term

  1. Vending machine
  2. Reasons why retail trade may fail.
  3. Meaning and functions of Manufacturer and Retailer
  4. Channels of distribution
  5. Types of wholesalers.
  6. Warehousing
  7. Bonded warehousing
  8. State/queen’s warehousing
  9. Public warehousing
  10. Manufacturer’s warehousing.
  11. Meaning and types of foreign trade
  12. Advantages and disadvantages of foreign trade.
  13. Differentiate between export, import and entrepot.
  14. Balance of trade and balance of payment.
  15. Tariffs/restrictions in foreign trade.
  16. Documents used in foreign trade
  17. Nigerian export promotion council
  18. Nigerian airport authority and Nigerian ports authority
  19. Nigerian export authority
  20. Commodity exchange
  21. Requirements for trading
  22. Types of commodity exchange
  23. Benefits of commodity exchange.
  24. Constraints to commodity trading
  25. Differentiate between commodity and stock
  26. Sole proprietorship
  27. Partnership

3rd term

  1. Types of career opportunities in commerce
  2. The co-operative movement.
  3. Types of co-operative societies
  4. Public enterprises
  5. Reasons for government ownership of public enterprises.
  6. Advantages and disadvantages of public enterprises.
  7. Types of public enterprises
  8. Meaning of limited liability company
  9. Types of limited liability company
  10. Legal requirement for the formation of a limited liability company
  11. Sources of capital
  12. Other sources of capital
  13. Advantages and disadvantages of limited companies.
  14. Liquidation/dissolution of a limited liability company.
  15. Definition of trade associations
  16. Aims and functions of trade associations
  17. Chamber of commerce
  18. Types of business collaborations
  19. Meaning and history/ evolution of money.
  20. Qualities of money
  21. Types and forms of money.
  22. Meaning, importance and forms of transportation.
  23. Land (road & rail) advantages and disadvantages.
  24. Water (advantages and disadvantages).
  25. Air transportation
  26. Pipeline; advantages and disadvantages.
  27. Definition of communication
  28. Types of communication
  29. Advantages and disadvantages of communication