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commerce note

Classwork Series and Exercises {Commerce – SS3}: Credit

SS 3 Commerce Topic: Credit Contents : Meaning of Credit, Basis for Credit sales, Advantages and Disadvantages of Credit sales. Credit Credit can simply be defined as the process by which goods and services are transferred to a buyer from the seller with the aim that the buyer will pay later in the future. Credit occurs when [...]

Classwork Series and Exercises {Commerce – SS2}: Law Of Contract

Commerce, SS 2, Week 2 Topic: Law of Contract Contents: Definition of contract Classification of contract Characteristics of contract Definition of Contract Contract can be defined as an agreement between two or more parties which is intended by them to have a legal backing. It is an agreement creating an obligation. It is a written [...]

Classwork Series and Exercises {Commerce – SS2}: Ware Housing

SS 2 Commerce First term Week 1 Topic: Warehousing Content - Meaning of Warehousing Importance of Warehousing Types of Warehousing Warehousing Warehousing is the means of storing manufactured goods or goods that are  bought in a particular place until they are needed. However ,warehouse is a place where goods are stored until they are demanded [...]

Classwork Series and Exercises {Commerce – SS1}: Public Corporation

Commerce SS1 Second Term  Week 7: Public Corporation Contents: Meaning of public corporation Examples of public corporation Features or characteristics of public corporation Advantages and disadvantages of public corporation Reasons for the Establishment of public corporation Types and formation of public enterprises Specific problems associated with public corporations Sources of finance to public corporation Definition [...]

Classwork Series and Exercises {Commerce – SS1}: Nigerian Export Promotion Council

Commerce, SS 1, Week 8 Topic: Nigerian Export Promotion Council Contents: Meaning of Nigerian Export Promotion Council Functions of the Nigerian Export Promotion Council Meaning of  Nigerian Airports Authority Functions of Airports Authority Meaning of Nigerian Export Promotion Council Nigerian Export Promotion Council (NEPC) was set up to assist exporters in the course of exporting [...]

Classwork Series and Exercises {Commerce – SS1}: Documents Used In Foreign Trade

Commerce SS 1  Topic- Documents Used in Foreign Trade Contents- The types of document used in international trade Means of payment in International Trade Introduction Export and Import Documents lies at the heart of all international trade transactions. It provides exporters and importers with an accounting record; shipping and logistics companies with instructions of what [...]