SS1 Commerce

SS1 Lessons

Go to SS1 Commerce lesson notes

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