Commerce

Classwork Series and Exercises {Commerce – SS2}: Concept of Marketing

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SS 2 Commerce First Term Week 3 Topic: Concept of Marketing Contents Meaning of marketing Meaning of market Types of market Functions of marketing Importance of marketing in an economy Marketing Concept. Marketing Marketing is the process of performing business activities  that enhances the flow of goods and services  from the producers to the consumers 

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Classwork Exercise and Series (Commerce-SS1): Specialization And Exchange

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Definition Of Specialization Specialization is defined as the concentration of the productive efforts of an individual, a firm or a country in a given aspect of economic activity or on a particular line of production in which it has the greatest advantage over others. It is the act of pursuing a particular line of work

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Classwork Series and Exercises {Commerce – SS1}: Sole Proprietorship

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Commerce SS1 Week 4 Topic – Sole Proprietorship Contents Meaning of sole proprietorship Characteristics of sole proprietorship Sources of capital for a sole proprietorship Advantages and Disadvantages of sole Proprietorship Meaning of a Sole Proprietorship The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not

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

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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

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Classwork Exercise And Series (Commerce- SS3): Capital

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Definition of Capital Accountant’s view; Accountant’s defined capital as the net worth of a business; capital is seen as the original fund with which a person starts a business. He considers capital as synonymous to money; it is the excess of assets over liabilities The Economist view of the definition of capital; To the Economist,

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Classwork Exercise and Series (Commerce- SS2) Introduction To Production

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Definition Of Production Production can be defined as the creation of utility or the creation of goods and services for the purpose of satisfying human wants. It is the transformation of raw materials into finished goods and their distribution to the consumer in other to satisfy their wants. Production is a process of combining various

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