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Classwork Series and Exercises {Commerce – SS1}: Specialization and Exchange

SS 1 Commerce First Term Week 7 Topic: Specialization and Exchange Content Meaning of Specialization Types of Specialization Advantages of Division of Labor and Specialization Disadvantages of Division of Labor and Specialization Meaning of Exchange Inter relationship Between Among Production, Specialization and Exchange. Specialization: Specialization is defined as the concentration of the productive efforts of an [...]

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 – SS1}: Historical Background of Commerce

SS 1 Commerce First Term Week 2 Topic: Historical Background of Commerce CONTENTS History of Commerce Factors Affecting the Growth of Commerce The Barter System: Introduction and Problems HISTORY OF COMMERCE IN NIGERIA In the olden days people engaged in subsistence production. This means they were producing goods for themselves and their families. Later they [...]

Classwork Exercise and Series (Commerce – SS1): Meaning Of Occupation

Meaning Of Occupation Today, people engage in various activities to earn a living and to satisfy their numerous wants. Occupation can be defined as any economic or productive activities which people engage in to create and produce goods and services in order to make a living. In order to satisfy human numerous wants, people engage [...]

Classwork Exercise and Series (Commerce- SS 2): Credit Union And Thrift Societies

Meaning of Credit Union and Thrift Societies Credit union and Thrift societies can be defined as the coming together of a group of people with common interest who have agreed to pool their resources together from which loan facilities are made available to members at an agreed rate of interest. The credit union’s mission is [...]

Classwork Series and Exercises {Business Studies – JSS2}: Aids to Trade

Business Studies JSS2 Week 8 Topic: Aids To Trade Contents: Meaning of Aids to Trade Roles of Custom and Excise in Foreign Trade A. Definitions Aids to trade: Aids to trade are the services that make trade easy to carry out. Examples are Banking, insurance, Advertising, Warehousing, Transportation etc. Banking: This is the process of [...]

Business Studies: Introduction To Commerce (And Importance)

Business Studies  JSS 1 Week 1 Topic: Introduction to Commerce Content: Meaning of commerce Commercial Activities Importance of Commerce Activities which aid Commerce A. Meaning of Commerce Commerce can be defined as human activities that deal with buying and selling of goods and services. It occurs with supporting activities like as transportation, warehousing, banking, insurance [...]

Classwork Series and Exercises {Commerce – SS3}: Structure of Business

SS 3 Commerce Topic: Structure of Business Contents  Span of Control Factors Determining Span of Control Inter and Intra-Departmental Communication. Factors to be Considered in Choosing a Communication System. SPAN OF CONTROL Span of control can also be called span of management.  It refers to the number of personnel or subordinates a manager can manage [...]

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 [...]

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