SS1 Commerce Lesson Notes
1st term
1. Meaning and Scope of commerce2. Functions of commerce3. The characteristics of commerce 4. E-commerce: meaning, and functions5. Differences between commerce and e-commerce6. Historical background of commerce in Nigeria.7. Factors affecting the growth of commerce.8. The barter system.9. Meaning of occupation10. 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 trade18. Types of trade 19. Relationship among the different types of trade.20. Retail Trade21. Factors to be considered before setting up retail shop.22. Small scale retailing23. Small Scale trader24. Unit/tied shop25. Reasons for survival or small scale retailers.26. Reasons for survival or small scale retailers.27. Problems of small scale retail business.28. Super market29. Departmental store30. Multiple/chain store31. Mail order business firms32. Hyper markets33. Variety store/one top shop34. Retail/whole sale co-operative society35. Branding36. Self services37. After sale services38. Factors to be considered before choosing a particular channel of distribution board.39. Meaning, elimination and survival of the middlemen.40. Criticism/reasons that may warrant the elimination of middlemen.41. Merchant wholesaler: functions and types.42. Agent middlemen
2nd term
1. Vending Machine2. Reasons why retail trade may fail.3. Meaning and functions of Manufacturer and Retailer4. Channels of distribution5. Types of wholesalers.6. Warehousing7. Bonded warehousing 8. State/queen’s warehousing9. Public warehousing10. Manufacturer’s warehousing.11. Meaning and types of foreign trade12. 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 trade17. Nigerian export promotion council18. Nigerian airport authority and Nigerian ports authority19. Nigerian export authority20. Commodity exchange21. Requirements for trading22. Types of commodity exchange23. Benefits of commodity exchange.24. Constraints to commodity trading25. Differentiate between commodity and stock26. Sole proprietorship27. Partnership
3rd term
1. Types of career opportunities in commerce 2. The co-operative movement.3. Types of co-operative societies4. Public enterprises5. Reasons for government ownership of public enterprises.6. Advantages and disadvantages of public enterprises.7. Types of public enterprises8. Meaning of limited liability company9. Types of limited liability company10. Legal requirement for the formation of a limited liability company11. Sources of capital12. Other sources of capital13. Advantages and disadvantages of limited companies.14. Liquidation/dissolution of a limited liability company.15. Definition of trade association16. Aims and functions of trade associations17. Chamber of commerce18. Types of business collaborations19. Meaning and history/ evolution of money.20. Qualities of money21. Types and forms of money22. Meaning, importance and forms of transportaion23. Land (road & rail) advantages and disadvantages.24. Water (advantages and disadvantages).25. Air transportation 26. Pipeline; advantages and disadvantages.27. Definition of communication28. Types of communication29. Advantages and disadvantages of communication