Commerce Lesson Note for SS1 First Term

Lesson note on Commerce – Edudelight.com

FIRST TERM SCHEME OF WORK FOR SS1

WEEK 1          

TOPIC: INTRODUCTION TO COMMERCE

Commerce is a social science and a branch of production. It is the process of buying, selling and distribution of goods and services through the assistance of various activities such as advertising, banking, communication, insurance etc.

Commerce can also be defined as the study of how man buys, sells and distributes goods and service.

E-commerce means electronics commerce. It is the process of buying, selling and marketing of products or services over the internet i.e. other digital technologies e.g. fore and trading, jumai konga, OLX etc.

Forms of E – Commerce

  • Retailing – for retail shopping on internet
  • Market data gathering through wed – organisations gather data about their customers
  • Electronic data inter-charge – exchange of data between businessman and another
  • E – mail and Fax – used as media for reaching prospective and established customers e.g. new letter.
  • Business to business contact through web – is a quick way to reach right people in another company for more information

Products suitable for E – Commerce are:

  • Financial transactions
  • Communication
  • Photography

E – Commerce will affect business in these ways:

  • It reduces transaction cost of individual by using forms of electronic data inter-change
  • It enhances connectivity i.e. individuals and business partners can communicate with one another worldwide and it leads to positive effect on global market
  • It makes payments to be made using credit cards and reduced the use of physical cash
  • E – Commerce provides opportunity for manufacturer to communicate directly with the consumers.

SCOPE OF COMMERCE

Commerce corners all commercial activities which ensure the distribution and exchange of goods and services for the satisfaction of the people. Commerce is divided with trade and aids to trade which are advertising, banking, communication etc

FUNCTIONS OF COMMERCE

  • Provision of employment
  • Exchange of goods
  • Improvement in the standard of living
  • Aids rapid transfer of information
  • Facilities international cooperation
  • Mass production of goods
  • Warehousing of goods

Exercises: Why is commerce blood line of a nation?

DIVISION OF COMMERCE

Commerce is divided into trade and aids to trade

A trade – is the process of buying and selling of goods and services. It is divided into home and foreign trade.

1. HOME TRADE – is buying, selling of goods and services within the boarder of a country. It can be divided into retail and wholesale trade

a. Wholesale trade – is the process where wholesaler buys goods from the producer in bulk and sell in small quantities to the retailers e.g. merchant, agent, broker, cash and carry etc

b. Retail trade – is buying of goods and services from wholesaler in small quantities and selling in units to the consumers, e.g. hawking, mobile shop, street trade, chain stores etc

2. FOREIGN TRADE – is the buying and selling of goods and services between different countries. It is trading outside the boundary of a country. It is divided into import, export and entreport.

a. Export – is the sales of goods and services to other countries i.e. selling the products of a country abroad. There are visible and invisible export e.g. Nigeria exports cocoa, crude oil, rubber, cassava.

b. Import – is buying of goods and services from other countries e.g. cars from Japan, machines from ceremony etc. imports is divided into visible and invisible items. Nigeria imports are electronics, cars, computers, equipment, rice etc.

c. Entreport – is the re-exporting of goods that have been imported from other countries i.e. goods imported to a country are later re-exported to another country.

AIDS TO TRADE

These are commercial activities which assist trade. They are

1. Advertising – is the process of creating awareness about the existence of a product in order to stimulate demand. Media of advertising are Radio, free sample, television, newspaper, journal, magazine, sales van etc.

2. Banking – is the acceptance of deposits from customers and making funds available to businessmen for business transaction. Banks are financial institutions in which money and other valuables are kept for safe keeping and loans given out to people.

Types of banks are Central Bank, Commercial bank. Mortgage bank, Merchant bank etc.

3. Communication – is sending and receiving of information from one person to another for easy interaction. e.g. telex, telephone, E-mail, internal etc.

Edudelight.com

4. Insurance – this is a process whereby an insurance agrees to indemnify an insured against loss. It is pooling of risk and is a contract of utmost good faith, (uberimaefidei).

Types of Insurance – life assurance, fire, marine, burglary, motor vehicle, cash in transit, stock in transit etc.

5. Tourism – is visiting places of interest outsider one’s country or resident for relaxation, holiday and exercusion. It is major source of income to some countries. Nigeria tourist centres are Erin-Ijesha water fall in Osun State, Ikogosi warm spring in Ekiti State and Yankari games reserves in Bauchi state.

6. Transportation – is the movement of goods and people from one place to another forms of transportation are air, rail, road, sea and pipeline

7. Warehousing – is the storing of goods until they are demanded for in order to ensure regular supply. Types of warehousing are public, state, bonded and manufacturer.

HISTORICAL BACKGROUND OF COMMERCE

In the early days of the history of man, people were self – sufficient in that they grow their own food, built their shelter make their own clothes and satisfied all other wants. There was no exchange of goods and services among the people.

As the society grew, the needs increases in which they exchange goods for goods and services for services without the use of memories which is known as barter system. The system has a lots of problems and give rise to use of money as medium of exchange.

Later, traders came from various parts of the country on market days to transact business and major commercial centres were known as Onisha and Ibadan

Merchants also come from North Africa which let to modern commercial activites across the sahara trade routes where goods were exchange for salt, cowries, tobacco with kolanuts and skins in Kano, Daura and Zaria.

The activities when missionaries and traders came from Europe to trade in places like Badagry, Opobo and Bonny where they exchanged salve for forearms cloths and communications.

Then, Colonailism changed the dimension of trading activities in Nigeria. They establish companies like United Africa company (UAC) John Holt and GB Ollivant etc. Nigeria became exporter of cocoa, palm oil and crude oil.

Today, commerce is the bed rock of trade growth and development with development of trade and aids to trade and the introduction of Electronics Commerce (E-coomerce), Automated Teller Machine (ATM) and Electronic Fun Transfer (EFT).

Factors that contributed to the growth of commerce

  • Increase production
  • Improvement in transport facilities
  • Development of modern techniques
  • Improvement in means of communication
  • Development and improvement of warehouse
  • Development of financial institutions
  • Provision of insurance industry

Factors that adversely affect the growth of Commerce in Nigeria

  • Inadequate capital
  • Poor communication system
  • Low per capital income
  • Absence of large market
  • Political instability
  • Low level of education
  • Immorbility of labour
  • Prevalence of fraudulent activities

Exercise: Explain the barter system and its problem.

CAREER OPPORTUNITIES IN COMMERCE

Career – means series of job that a person has in a particular area of work.

Career opportunities are professions that are available for students of commerce.

A. Career is teaching – students from collegues of education, polytechnic and universities can be employed to teach:

i. Business studies

ii. Accounting

iii. Commerce

iv. Economics

B. Career in lecturing – the qualifications required for lecturing are master of science and doctor of Philosophy. In addition to Bachelor degree.

They can teach these:

i. Accounting

ii. Management

iii. Finance

v. Insurance

vi. Banking

C. Career in Civil/Service

Post                                                     Grade level

Director General                                 17

Directors                                             16

Assistant Director                               15

Chief Budget Officer                           14

Clerical Officer                                    4

Clerical Assistant                                 3

Messenger                                          2

D. Career in private sector

a. Trading: Opportunities are available for skilled and unskilled workers in

– Wholesaling

– Retailing

– Importing

– Exporting

– Agency

b. Insurance

– Risk manager

– Brokers

– Underwriters

– Agents

– Salesmen

– Marketing executives

– Marketing managing

d. Management

– Personnel officer

– Administrative office

– Clerical officer

– Management trainees

– Cashiers

– Tellers

– Operation managers

f. Accounting

– Account clerks

– Accountants

– Internal auditors

– Finance managers

– Treasury managers

Basic Requirement For Employment

  • School certificate (SSE)
  • National Diploma (OND & HND)
  • National Certificate of Education (NCE)
  • Bachelor of Science (BSc.)
  • Master of Science (MSc)
  • Doctor of Philosophy
  • Professional qualifications like
  • ICAN – Institute of Chartered Accountants
  • IB – Institute of Bankers
  • CIS – Chartered Institute of Secretaries etc

Exercise: What is your ambition? Write on your ambition and the subjects. You need to offer in school.

Occupation can be defined as a legal job. Profession or productive activity that an individual engages in to earn a living and to satisfy their wants and needs.

There are various kings of occupations that a person can do, some are extracting resources from soil, manufacturing giving form of raw materials construction and services.

Factors determining the type of occupation

1. Availability of natural resources – the type of natural resources in a particular place will determine the type of occupation which people can engage in for instance, in riverine area, most people there will fisherman/woman

2. Condition of service – job that attract high renumeration and better condition of service will people than poor condition of service

3. Level of education and training – level of education and training acquired will affect the kind of job people engage in e.g. unskilled workers are employed as cleaners, gateman and drivers

4. Climatic and weather conditions – changes in climate and weather in any environment will determine the nature of works in that environment e.g. fisherman in riversides, farming and lumbering in forest region.

5. Interest/aptitude of the people – the natural ability or talent of the people will determine the type of occupation they will engage in.

6. Government policies – policies of the government in such an environment will help to determine the choice of occupation, if it is favourable or not.

Industry                                                           Commerce                              Service

Extraction        Manufacturing  Construction                          Direct                   Indirect

– Farming         – Textiles            – Welding                              Servant                Navy

– Lumbering     – Cement            – Road                                   Guards                 Police

– Mining           – Production       – House                                 Barbing             Civil servant

– Forestry         – Ceramics          – Construction                      Family doctor    Public servant

                        Trade                                                                           Aids to Trade

                                                                                                            – Advertising

            Home              Foreign                                                            – Banking

Retail – Wholesale                                                                              – Communication

                                                                                                            – Insurance

                        Export              Import      Entreport

Classification of Occupation

  • Industrial occupations
  • Commercial occupation

A. Industrial Occupation – these are activities which are concerned with obtaining raw materials from and turning them into finished goods. This is divided into:

i. Extractive occupation

ii. Manufacturing occupation

iii. Constructive occupation

1. Extractive Occupation – this involve all the activities of those who are engaged in primary production that is extracting natural resources from the soil and sea e.g. miners, farmers etc.

2. Manufacturing – are activities which turn processed materials into consumer or industrial goods e.g. books, shoes, clothes etc.

3. Constructive – this engaged in the construction roads, bridges and houses.

B. Commercial Occupation – is concerned with people that engaged in the marketing and distribution of finished goods e.g. trade advertising, communication etc.

C. Services Occupation – these involve occupations that provide personal and indirect services to the people.

There are two types of services:

  • Direct services: are services rendered directly to people who enjoy the maid, private doctors.
  • Indirect services – these are services rendered to members of the public but are paid for by government e.g. public teacher, doctors, public soldier.

Exercise: (i) Define industry (ii) Explain five types of industrial occupations

Physics Lesson Note – Edudelight.com

Is the transformation of raw materials into finished goods and the distribution and provision of goods and services in order to satisfy human wants.

TYPES OF PRODUCTION

  • Primary production
  • Secondary Production
  • Tertiary Production

Factors / Agents of Production

Factors                                                            Rewards

Land                                                                Rent

Capital                                                             interest

Labour                                                             Wages or salary

Entrepreneur                                                  Profit or loss

Industry                                               Commerce                                          Service

Primary           Secondary                   Trade               Aids to trade               Direct       Indirect

– extraction     – manufacturing

                        – construction

SPECIALIZATION/DIVISION OF LABOUR

Division of labour – is a system of breaking down production processes into different stages so that each stage is handled by an individual.

Specialization – is the act of an individual or firm concentrating its resources and efforts in the production of relatively few commodities.

  • Time saving
  • Increase in production
  • They are less fatique
  • They create employment

Disadvantages

  • They make work monotonous
  • They bring about immobility
  • Use of machines reduces employment

Exchange – division of labour and specialization give rise to the concept of exchange.

Exercise: What is specialization? Give three advantages and disadvantages of specialization.

Is the buying, selling and exchange of goods and services among people and countries.

       TRADE

Home Trade                                                                            Foreign Trade

Retail               Wholesale                                                  Import                   Export      Entreport

CLASSIFICATION OF TRADE

A. HOME TRADE – is buying and selling of goods and services within a country. It is also known as domestic or internal trade.

Home trade is divided into:

  • Retail trade
  • Wholesale trade

– Retail Trade – involves selling goods in units to the final consumer after buying in small quantities from the wholesalers.

Function of A Retailer

  • Purchase of goods from the wholesaler
  • Provision of credit facilities to customers
  • Door to door selling

RETAIL TRADE

Small Scale Retailers                                                               Large Scale Retailers

– Itinerant                                                                                – Departmental shop

– Roadside                                                                               – Supermarkets

– Market trader                                                                       – Chain stores

– Village stalls                                                                          – Mail order firms

– Tied shops                                                                             – Co-operative shops

– Mobile shops                                                                        – Hypermarket

– Small stores                                                                          – Franchising

E-Retailing (Electronic Retailing) – is a new system of retail business. E-retailing is a place on the internet for direct retail shopping with twenty-four hours global reach.

Exercise: Write short note on the following types of retail outlets:

  • Mobile shops
  • Supermarket

WHOLESALE TRADE

Is the process whereby the wholesaler buys goods in bulk/large quantities from the producer/manufacturer and re-sell to the retailer in small quantity.

Wholesale – is a trader who buys from the producer in bulk and sells in small quantity to the retailer.

Functions of wholesalers producers

  • Breaking of bulk
  • Warehousing goods
  • Advertising function

Functions of wholesaler to the retailers

  • Financing of distribution
  • Provision of variety of goods
  • Transport and delivery services

 Classification of wholesale trade

Merchant                                                                                Agents

  • Speciality                                                                                 – Brokers
  • General                                                                                   – Factors
  • Cash and carry                                                                        – Auctioneer
  • Truck distributor                                                                     – Del-credere

Channel of distribution

Producer                                 Producer                     Producer                     Producer

Wholesaler                                                                  Wholesaler                  Agent

Retailer                                                                                                           Retailer

Consumer                                Consumer                    Consumer                    Consumer

Exercise: 

1. a. Define wholesale trade

b. Define warehousing

2. State five functions performed by the wholesalers in the channel of distribution

Music Lesson Note JSS1 Second Term

Financial accounting lesson note ss3 second term, mathematics lesson note jss1 third term, lesson note on french ss1 third term.

Edudelight.com

Lesson Note on Social…

Lesson note on physical…, lesson note on economics…, waste disposal, leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Privacy Overview

Ecolebooks Nigeria

Home of Lesson notes and Scheme of Work

Week 1 – SS1 First Term Commerce Notes

    FIRST TERM E-LEARNING NOTE   SUBJECT: COMMERCE          CLASS: SSS 1   SCHEME OF WORK   WEEK     TOPIC 1        Meaning, Scope and Functions of Commerce. 2        Occupation 3        Production 4        Division of Labour, Specialization and Exchange 5        Retail Trade 6        Small Scale Retailing 7        Large Scale Retailing 8        Modern Trends in Retailing 9        Wholesale Trade 10        Warehousing 11        Revision 12        Examination

    WEEK ONE TOPIC: MEANING, SCOPE AND FUNCTIONS OF COMMERCE CONTENT

  • The Importance of Commerce
  • History of Commerce in Nigeria /West Africa

Commerce is the study of production, distribution and exchange of goods and services aimed at satisfying human wants and in order to earn a living.

  THE IMPORTANCE (FUNCTIONS) OF COMMERCE 1.    It provides employment opportunities for the people. 2.    It makes production and exchange of goods and services possible. 3.    It improves the standard of living of people by making modern goods available. 4.    It aids national and international co-operation by ensuring inter-dependence of nations 5.    It facilitates division of labour and specialization. 6.    It brings technological innovation and aids infrastructural development.

  STAGES IN THE HISTORY AND DEVELOPMENT OF COMMERCE (i)    Earliest time: – Production was subsistent in nature. (ii)    Exchange of goods and services by barter. (iii)    Exchange of goods and services through the use of commodity money. (iv)    Introduction of money – notes and coins as a medium of exchange (v)    Improvement in aids to trade.

  EVALUATION 1.    What is Commerce? 2.    State four functions of Commerce .

  FACTORS THAT DELAYED THE DEVELOPMENT OF COMMERCE IN NIGERIA/ WEST AFRICA 1.    Political instability 2.    Low savings 3.    Absence of developed markets 4.    Poor communication system 5.    Illiteracy 6.    Inadequate capital 7.    Low level of technology 8.    Inadequate infrastructural facilities / poor infrastructural facilities 9.    Low National income

  FACTORS THAT HAVE CONTRIBUTED TO THE GROWTH OF COMMERCE IN NIGERIA/WEST AFRICA 1.    Development of modern techniques of production 2.    Political stability 3.    Development of financial institutions 4.    Development of efficient means of transportation and communication 5.    Availability of warehousing facilities 6.    Improvements in aids to trade e.g. Insurance, Advertising etc 7.    Advancement in levels of education / literacy

  DIVISIONS OF COMMERCE Commerce can be grouped into two main branches or divisions namely: 1.    Trade 2.    Aids to trade     The aids to trade can be subdivided into: (a)    Transport (b) Insurance (c) Banking and Finance (d) Advertising (e)    Warehousing (f) Communication (g) Tourism

  EVALUATION 1.    Why is Commerce so essential to modern Society? 2.    Set out carefully the principal divisions of Commerce and give an idea of the relative importance of each division.

  READING ASSIGNMENT 1.    Essential Commerce for SSS by O.A. Longe Page 1-8 2.    Comprehensive Commerce for SSS by J.U Anyaele Page 29-36

  WEEKEND ASSIGNMENT 1.    The main divisions of commerce are (a) Home trade and foreign trade (b) Transportation and warehousing (c) Trade and aids to trade (d) Wholesale and Retail trade 2.    Which of the following is not a benefit of commerce? It (a) Facilitates the movement of goods and services (b) Provides employment to people (c) Increases the cost of living (d) Makes funds available for business activities 3.    All are aids to trade except (a) Advertising (b) Transportation (c) Retailing (d) Banking 4.    Which of the following can be defined as trade and aid to trade? (a) Advertising (b) Commerce (c) Warehousing (d) Retailing 5.    Which of the following is not a basic want of man? (a) Transport (b) Food (c) Water (d) Clothing

  THEORY 1.    State three ancillary services to trade . 2.    Mention three ways by which transport aids trade.

  GENERAL EVALUATION

  • What is Commerce?
  • State and explain the importance of any five ancillary services to trade.
  • Give any five advantages of advertising.
  • State five ways in which warehousing is useful to businessmen.
  • In what ways does transport aid trade.

Related Post

All weeks – ss3 second term literature in english notes, all weeks – ss3 second term further mathematics notes, all weeks – ss3 second term french notes, leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

You May Like

Week 11 – ss3 second term catering craft practice (ccp) notes.

By registering, you agree to our Terms & Conditions .

  • +2348180191933
  • Login or Register
  • $ US DOLLAR
  • How It Works

Commerce SSS1 First Term Commerce

Commerce SSS1 First Term

Performance Objectives

A student should be able to:

  • Highlight the meaning and function of Wholesaler to Manufacturer and Retailer
  • Explain the scope of Commerce
  • Outline the characteristics of commerce.
  • List the functions of commerce
  • Describe e-commerce

Commerce can be defined as all the activities involved in the distribution and exchange of goods and services. It is a branch of production which is concerned with the distribution, exchange of goods and services and all activities that facilitates trade, e.g. banking, insurance etc.

Scope of Commerce

Commerce can be divided into trade and all activities that aid trade. It may also be seen as all activities that ensure the distribution and exchange of goods and services for the satisfaction of people.

Subscribe now to gain full access to this lesson note

Click here to gain access to the full notes.

  • History of Commerce in Nigeria
  • Production II
  • HOME TRADE - Retail Trade
  • SMALL SCALE RETAILING – Market Traders
  • LARGE SCALE RETAIL TRADE I
  • LARGE SCALE RETAIL TRADE II
  • Modern Trend in Retailing
  • Modern Trend in Retailing Con’t
  • Chapters 14
  • Category SSS1
  • Author ClassNotes Edu

For Schools & Teachers

For Schools and Teacher who want to subscribe to all of the subjects, a class or term at a discounted price.

Schools and Teachers

Create Your Bundle

Need many subjects? Waste no time. Select many subjects together in one subscription at a discounted price.

Books

itsmyschoollibrary

Your lesson notes in a blink, commerce scheme of work for ss1 first term, second term and third term.

COMMERCE SS1 FIRST TERM THIS SCHEME OF WORK CONTAINS WEEK ,TOPIC/CONTENT, ACTIVITIES, RESOURCES FOR EASY LESSON PLANNING 1 INTRODUCTION TO COMMERCE Teacher should discuss

  • Scope functions
  • Characteristics
  • E- commerce, meaning, and functions commerce in detail, identify the differences between commerce and e-commerce. Students to participate actively in class discussion from the board. Resources; diagrams/charts. 2 HISTORY OF COMMERCE
  • Historical background of commerce in Nigeria.
  • Factors affecting the growth of commerce.
  • The barter system. The teacher guides the students’ discussion on evolution of commerce in Nigeria and leads the discussion on barter system. Resources; cowries and museum materials. 3 OCCUPATION
  • Classifications; industrial, commercial and services occupation.
  • Factors that determine types of occupation and employment. Teacher discusses occupation and types in detail and lists factors affecting employment. Students participate actively in the class discussion. Resources; a diagram illustrating types of occupation. 4 PRODUCTION
  • Meaning and types of industry (primary & secondary).
  • Commerce (aids trade).
  • Services/tertiary (direct & indirect) Teacher discusses production in details. Students copy notes. Resources; illustrate with a diagram. 5 PRODUCTION
  • Factors determining the volume of production.
  • Factors of production ; land, labor, capital, entrepreneur.
  • Division of labour; meaning, advantages and disadvantages.
  • Limitations to division of labour.
  • Specialization and exchange.
  • Interrelationship between Teacher picks a production of simple products like envelop in the class and divides labour amongst the students. Students participate actively in their groups. Resources; charts, eco-journals.

     production, division of labour,

     exchange and specialization. 6 TRADE

     Meaning and types of trade.

  • Foreign trade
  • Entrepot trade
  • Relationship among the different types of trade. The teacher uses the diagram to illustrate the different types of trade. Students copy the illustration. Resources; diagram and chart. 7 HOME TRADE
  • Characteristics and functions of retail trade, highlight the features, advantages and disadvantages of retail trade.
  • Factors to be considered before setting up retail shop.
  • Small scale retailing; hawking, mobile shops, kiosk etc
  • Meaning, characteristics, advantages, and disadvantages of each. The teacher could arrange visit to two or more retail shops and interview the owners. Students participate actively. Resources; charts, journals, pictures. 8 SMALL SCALE RETAILING
  • Store/market trader- meaning, characteristics, features, advantages and disadvantages.
  • Unit/tied shop- meaning, characteristics, features, advantages and disadvantages.
  • Reasons for survival or small scale retailers.
  • Problems of small scale retail business. The teacher arrange visit to market shops and interviews the owners. Students argue for and against the elimination and survival of retailers and wholesalers in trade. Resources; charts, pictures, journals. 9 LARGE SCALE RETAIL TRADE; TYPES
  • Super market; meaning, features, advantages and disadvantages.
  • Departmental store; meaning, features, advantages, and disadvantages.
  • Multiple/chain store; meaning, features, advantages and disadvantages. Teacher explains the organizational set-up of each of the retail trade. Students participate fully in the discussion. Resources; examples of supermarkets and departmental

      store in Nigeria.

10 LARGE SCALE RETAIL

  • Mail order business r firms; meaning, features, advantages and disadvantages.
  • Hyper market- meaning, features, adv. & disadvantages.
  • Variety store/one top shop- meaning, features, advantages and disadvantages.
  • Retail/whole sale co-operative society; meaning, features,

     advantages and disadvantages.

Teacher examines the organizational set up of each type of retail trade, and also examines the role of wholesaler in the chain of distribution. 11 MODERN TREND IN RETAILING

  • Branding –meaning, advantages and disadvantages.
  • Self services; meaning, advantages and disadvantages.
  • After sale services- meaning, advantages and disadvantages.
  • Describe necessary documents used in home trade. 12 MODERN TREND CONTD.
  • Vending machine; meaning, advantages, and disadvantages.
  • Reasons why retail trade may fail. 13 Revision Revision 14 examination examination COMMERCESS1 SECOND TERM WEEK TOPIC/CONTENT ACTIVITIES 1 WHOLESALE TRADE
  • Meaning and functions to the; a. Manufacture b. Retailer. Teacher discusses functions of wholesale in detail. Students copy notes from the

      Differences between wholesaler

      and retailer.

  • Channels of distribution
  • Factors to be considered before choosing a particular channel of distribution. board. Teacher illustrates with diagram the channels of distribution. Resources; diagram, charts. 2 MIDDLE MEN
  • Meaning, elimination and survival of the middlemen.
  • Criticism/reasons that may warrant the elimination of middlemen.
  • Types of wholesalers.
  • Merchant wholesaler; functions and types.
  • Agent middlemen; types, brokers, manufacturers, agent and aunctioneers.
  • Commission agent, delcredere agent. Teacher discusses the activities of middlemen in business. Students participate in argument for and against the elimination of middlemen in the chain of distribution. 3 WARE HOUSING
  • Warehousing;- meaning and importance.
  • Types of warehousing, bonded warehousing.
  • State/queen’s warehousing
  • Public warehousing
  • Manufacturer’s warehousing. Teacher lists and explains in detail types of warehousing. Students participate actively in discussing of types of warehousing. 4 FOREIGN TRADE
  • Meaning and types (bilateral and multilateral)
  • Advantages and disadvantages of foreign trade.
  • State barriers to foreign trade.
  • Differentiate between export, import and entrepot.
  • Procedures for foreign trade. Teacher guides students in class discussion, gives division of foreign trade and lists the barriers. Students writes notes on the topic. Resources; diagram and documents of foreign trade and brochures from custom and exercise etc 5 BALANCE OF TRADE AND BALANCE Teacher differentiates between balance of trade and balance of

     Payment

  • Distinguish between balance of trade and balance of payment.
  • Reasons for imposing tariffs/restrictions in foreign trade. payment. Students participate actively in the discussion. Resources; documents used in foreign trade (samples) 6 DOCUMENTS USED IN FOREIGNTRADE
  • Mail transfer, documentary credit, letter of hypothecation.
  • Foreign bill of exchange, travelers cheque, telegraphic transfer, etc
  • Custom and exercise functions.
  • Nigerian export promotion council;- functions. 7 NIGERIAN AIRPORT AUTHORITY
  • Nigerian airport authority and Nigerian ports authority;- functions.
  • Nigerian export authority;- functions.
  • Commodity exchange;- meaning, types of tradeable commodities, agricultural produce, solid minerals, oil and gas. (list commodities and classify)
  • Requirements for trading, grading system, warehousing, clearing system, standardizing. Teacher discusses function of Nigerian ports authority, and Nigerian airport authority, guides students to some commodities produced in Nigeria. Students differentiates types of commodities, i.e agricultural produce, solid minerals, oil and gas. Resources; organize excursion to airport, etc, use pictures, charts, and sample of commodities. 8 COMMODITY EXCHANGE CONTD  Types (spot, forward features), method of trading, open, outcry, electronic.  Benefits of commodity exchange.
  • Increase in agricultural production.
  • Stabilization in agricultural product pricing.
  • Encourage exploration of solid minerals, Teacher guides students to identify commodities to be exchanged. Students copy notes on commodity exchange. Resources; pictures, charts, samples of commodities.

.   Foreign exchange earnings,

  • Increased agricultural output and quality.  Constraints to commodity trading;
  • Inadequate supply
  • Poor storage
  • Bad weather
  • Ethical issues
  • Middlemen, inadequate knowledge of commodity exchange. 9 COMMODITY EXCHANGE
  • Differentiate between commodity and stock
  • Items traded; tangible and intangible methods of pricing.
  • Sole proprietorship; meaning, features and sources of capital, advantages and disadvantages.
  • Partnership; meaning, types, formation and agreement. Teacher leads discussion on sole proprietorship. Students suggest the advantages, disadvantages and the sources of capital. Resources; journals and charts. 10 PARTNERSHIP CONTD
  • Sources of capital;- advantages and disadvantages.
  • Dissolution Teacher leads discussion on partnership, and distinguishes between sole proprietorship and explains different types of partnership. Students participate in class discussion and copy notes. Resources; sample of partnership deed. 11 Revision Revision 12 Examination examination COMMERCESS1 THIRD TERM WEEK TOPIC/CONTENT ACTIVITIES 1 CAREER OPPORTUNITIES
  • Types of occupation The teacher invites a business executive like a banker or insurance broker, to give a talk

      Career opportunity

  • Requirements for the various careers, factors to be considered before choosing career.
  • Career hazard on their profession. Students listen to and ask questions. Resources; pictures of workers at work. 2 CO-OPERATIVE SOCIETIES ;
  • Definition, formation, characteristics and history of co- operative movement.
  • Types of co-operative societies;
  • Consumer co-operative
  • Producer cooperative
  • Wholesaler cooperative
  • Retailer cooperative
  • Thrift and credit societies
  • Multi-purpose. Teacher leads students to discuss on co-operative societies. Students participate actively in the class discussion. Resources; co-operative society’s constitution. 3 CO – OPERATIVE SOCIETIES CONT  Advantages, disadvantages, and problems of co-operative societies in Nigeria.  Public enterprises; meaning, formation, management and sources of capital. Teacher leads students to discuss on co-operative societies. Students participate actively in the class discussion. Resources; co-operative society’s constitution. 4 PUBLIC ENTERPRISES CONTD  Reasons for government ownership of public enterprises.  Advantages and disadvantages of public enterprises.  Discuss various types of public enterprises and their methods of formation. Teacher identifies and makes a list of public enterprises in the locality. Students identify public enterprises in their locality. Resources; memorandum and article of association. 5 LIMITED LIABILITIES COMPANIES  Meaning,  Types; private and public  Formation (legal requirement for the formation of a limited liability company) Teacher gives examples of private and public limited liability companies in their locality. Resources; memorandom and memorandum of

     association, article of association,      prospectus, certificate of      incorporation and trading.     article of association, share     certificates. 6 LIMITED LIABILITY COMPANIESCONTD  Sources of capital; a. Shares, debentures, retained profit, loans, and overdraft, etc  Other sources of capital; trade credits, equipment/leasing.  Advantages and disadvantages of limited companies.  Liquidation/dissolution of a limited liability company. Teacher gives examples of private and public limited liability companies in their locality. Resources; memorandum and article of association, share certificates. 7 TRADE ASSOCIATION AND OTHERENTERPRISES  Definition and examples  Aims and functions  Chamber of commerce;- meaning, aims, functions, and structure.  Consortium, cartel, amalgamation/merger/combine trust holding. Teacher organizes a visitation to local chamber of commerce. Students participate in the visitation to a local chamber of commerce. Resources; pamphlets on trade association constitution. 8 MONEY  Meaning, history/ evolution of money.  Qualities of money  Types and forms of money.  Similarities and differences between money and other communities used for exchange in trade by barter. Teacher explains in detail the history and forms of money. Students participate actively in the discussion. Resources; forms of money, paper, coins etc. 9 TRANSPORTATION  Meaning, importance and forms.  Land (road & rail) advantages and disadvantages.  Water (advantages and disadvantages). 10 TRANSPORTATION CONTD.  Forms of transportation; air Teacher shows different documents used in

transportation;- advantages and

disadvantages.  Pipeline; advantages and disadvantages.  Identify documents used in transportation. transportation. Students provide some documents too. Resources; delivery notes, advice note etc 11 COMMUNICATION  Definition  Types;- oral, written, visual, non- verbal etc  Advantages and disadvantages of communication. Teacher leads discussion on types of communication. Students mention and explain types of communication. Resources; charts, computer, phones etc. 12 Revision Revision 13 Examination Examination

That is commerce scheme of work for ss1. Stay connected to myschoolibrary f more educational contents.

Discover more from itsmyschoollibrary

Subscribe now to keep reading and get access to the full archive.

Type your email…

Continue reading

SchemeofWork.Com

Access Scheme of work, Curriculum for Primary and Scondary Schools

Geography Curriculum

Geography Scheme of Work SSS3 Lagos State

Geography Scheme of work

Geography Scheme of Work SSS2 Lagos State

Geography Scheme of work 1

Geography Scheme of Work SSS1

Schemeofwork.com

Radio,Television and Electronics Works Scheme of Work SSS3

Radio,television and electronics works scheme of work sss2.

  • Schemes of Work
  • Privacy Policy

Commerce Scheme of Work SSS1 Lagos State

Scheme of Work Team

Access Lagos State Senior Secondary School Unified Commerce Scheme of work for SSS1. SS1 Syllabus – Schemeofwork.com

SSS1 Commerce Scheme of Work First Term

Commerce scheme of work sss1 second term, commerce scheme of work sss1 third term.

ACHIEVEMENT STANDARDS

By the end of SSS1 academic session, students are able to:

  • Appreciate commercial activities as an important aspect of a nation
  • Understands economic and commercial relationships that exists among countries of the world
  • Understand various professions in the field of commerce which can inform their choices in the selection of careers
  • Appreciate the importance of money

Explore the relationship between commercial banks and the central bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Search for Curriculum and Scheme of work

More results...

Nursery Scheme of Work Lagos State

Civic Education scheme of work

Civic Education Scheme of Work for Nursery 1 Lagos State (Age 3)

Physical Development Curriculum

Physical Development Scheme of Work for Nursery 1 Lagos State

Number work scheme of work for nursery 2 lagos state.

Basic science scheme of work 2

Basic Science and Technology Scheme of Work for Nursery 2 Lagos State (Age 4)

Science and mathematics scheme of work.

Further Maths Scheme of work

Further Mathematics Scheme of Work SSS 2 Lagos State

Scheme of Work Team

Chemistry Scheme of Work SSS1 Lagos State

Mathematics Curriculum

Mathematics Scheme of Work SSS 3 Lagos State

physics scheme of work 2

Physics Scheme of Work SSS2 Lagos State

Nursery scheme of work federal.

Pre school curriculum schemofwork

Pre-Primary Scheme of Work Federal

Nursery Curriculum schemeofwork.com

Nursery 1 Scheme of Work Federal (Age 4)

Nursery scheme of work federal (ages 4 – 5 years), nursery 2 scheme of work federal (age 5).

Sign in to your account

Username or Email Address

Remember Me

logo

History of Commerce

Brief history of Commerce in Nigeria. Outline factors affecting the growth of Commerce. The barter system.

What you'll learn

  • Historical background.
  • Factors affecting the growth of Commerce.
  • The barter system.

Your Teacher

photo

Lydia Onekpe

  • 30 Lessons Taught
  • 4.6 Teacher Rating

Erudites Academy

SS1 Commerce Lesson Note on History of Commerce

By: Sunday | Published on: Dec 16 | Categories: Lesson Notes | 0 comments

tourism commerce ss1

The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS1 Commerce Lesson Note on History of Commerce.   You can use the website search button to filter out the subject of interest to you . CLICK HERE to download the complete Document : DOWNLOAD HERE

TOPIC: HISTORY OF COMMERCE

  • (a) Historical background of Commerce
  • (b) Factors affecting the growth of commerce in West Africa.
  •  (c)The barter system

SUB-TOPIC1: HISTORICAL BACKGROUND

In the olden days, people engaged in subsistence production. This means they were producing goods for themselves and their family. Later they started interacting with one another because it was difficult for them to meet their entire daily requirement. The system of exchanging goods for goods, called trade by barter then came into existence. This is the genesis of exchange and perhaps the beginning of commercial activities the world over. Trading activities were however limited to internal trade only.

The first form of foreign trade in Nigeria was the Trans Sahara trade in which camels were used as means of transportation. The development of caravan routes across the desert linked Nigeria with the North African Traders. The Arab merchants brought goods like salt, cowries, copper, cloth, books, etc which were exchanged for kola nuts, slaves, gold, hides, etc. Important town like Kano, Borno, Zaria, Kastina played crucial role during this period.

Afterwards, another contact was made with the Europeans and that actually boosted commercial activities in Nigeria. This started in the 15 th century when the missionary came to Africa. The European traders brought weapons, books, cloths etc and exchanged them for slaves and palm oil. The initial commercial towns that served as important trading routes to the sea were Badagry, Bonny, Opobo and calabar. King Jaja of Opobo played a great role in the development of commerce in Nigeria.

After the abolition of slave trade by the British Government, the first breakthrough in commercial activities in Nigeria was the establishment of United African Company (UAC) and Royal Niger Company. By 1960, Nigeria had become a force to be reckoned with in the export of palm oil, cocoa, groundnut and later crude oil.

Also, in 1960 the exploration of crude oil brought businessmen from all over the world to Nigeria. The process of exploration changed the face of commercial activities in Nigeria. Huge revenue was generated to develop the infrastructural facilities, e.g. communication system, roads, flyovers, railways airport, modern seaports, etc.

At present, commercial activities have reached a crucial stage in Nigeria with the introduction of sophisticated modern technology such as computer, e-mail, internet, etc to facilitate trade. Many commercial centers have developed in many cities and towns like Lagos, Ibadan, Kano, Port Harcourt, Warri, Kaduna, and IIorin among others.

  • Trace the history of Commerce in Nigeria.
  • List towns that are commercial centers in Nigeria

SUB-TOPIC2: FACTORS AFFECTING THE GROWTH OF COMMERCE IN WEST AFRICA

Factors affecting the growth of commerce in West Africa can be divided into two:

  • Negative factors: these are factors that hindered the growth of commerce. They include;
  • Insufficient Capital: African countries lack sufficient capital to cope with the expanding nature of business activities, the level of capital formation is also low.
  • Political instability: constant change of government and war has hindered investment in West Africa. Foreign investors are afraid to invest in the sub-region.
  • Low saving: The culture of savings is very low in West Africa as a whole; hence there is no money for commercial transaction.
  • Low Per Capita Income: Per Capita Income is very low. Majority of people in this region are living below the poverty line. The low level of income leads to low purchasing power the people.
  • Lack of Adequate Commercial facilities: The various aids to trade. Such as banks, insurance, warehouse, tourism are not well developed and this has greatly hindered commerce.
  • Predominance of primary production: Majority of people in this region engage in primary agricultural production which does not favor speedy commercial growth.

Click on the Downloadable Button to get the FULL NOTE

Users Also Read These:

teachers-resources

See more results...

You can search for: Admission requirements Cut off mark Subject combination Past questions Download

Recent Posts

  • OOU JUPEB Admission For Agricultural Extension
  • OOU JUPEB Admission For Agricultural Economics
  • OOU JUPEB Admission For Cooperative and Business Management
  • OOU JUPEB Admission For Home and Hotel Management
  • OOU JUPEB Admission For Animal Production

tourism commerce ss1

Product categories

Copyright warnings! Do not copy.

IJMBE Registration Closes Soon. Click Here To Learn More .

Download FREE eBook On The Surest Way To Gain Admission With Low UTME Or Post UTME Score

I will personally send the download link to your email address. Make sure you enter a correct email.

Tourism - SS2 Commerce Lesson Note

Tourism refers to the activity of traveling to different places for leisure, recreation, or business purposes. It involves visiting various destinations, engaging in sightseeing, experiencing different cultures, and participating in activities or events. A tourist is a person who travels to a different location outside of their usual environment for these purposes.

Forms of Tourism:

Leisure Tourism: This form of tourism focuses on relaxation, entertainment, and recreational activities. It includes activities like beach vacations, visiting theme parks, or engaging in outdoor adventures.

Business Tourism: Also known as corporate or MICE (Meetings, Incentives, Conferences, and Exhibitions) tourism, it involves traveling for business-related purposes such as attending conferences, meetings, trade shows, or exhibitions.

Cultural Tourism: Cultural tourism involves traveling to experience and explore the cultural heritage, traditions, art, architecture, and history of a particular destination. It includes visiting museums, historical sites, festivals, and cultural events.

Eco-Tourism: Eco-tourism focuses on responsible travel that promotes conservation and sustainable practices. It involves visiting natural environments, protected areas, and engaging in activities that minimize environmental impact.

Advantages of Tourism:

Economic Benefits: Tourism can contribute to the economic growth of a destination by generating revenue, creating job opportunities, and supporting local businesses such as hotels, restaurants, transportation services, and souvenir shops.

Cultural Exchange and Understanding: Tourism promotes cultural exchange between visitors and the local population. It allows people from different backgrounds to learn about each other's cultures, traditions, and perspectives, fostering mutual understanding and respect.

Infrastructure Development: To accommodate tourists, destinations often invest in infrastructure development, including transportation networks, hotels, and recreational facilities. This infrastructure improvement can benefit both tourists and local residents.

Preservation of Natural and Cultural Heritage: Tourism can create awareness and promote the preservation of natural and cultural heritage sites. The revenue generated from tourism can be utilized for conservation efforts, ensuring the protection of fragile ecosystems and historical landmarks.

Disadvantages of Tourism:

Environmental Impact: The influx of tourists can lead to increased pollution, waste generation, and damage to natural ecosystems. Over-tourism in popular destinations can strain local resources and contribute to environmental degradation.

Social and Cultural Disruption: The presence of a large number of tourists can disrupt local communities, traditions, and ways of life. It can lead to overcrowding, increased costs of living, and loss of authenticity in cultural practices.

Economic Dependency: Some destinations may become overly dependent on tourism as their primary source of income. This reliance can make them vulnerable to fluctuations in the tourism industry, economic downturns, or shifts in travel trends.

Exploitation and Disparity: In certain cases, tourism can result in the exploitation of local communities and natural resources. Income disparities may arise between those directly involved in tourism and others in the community who do not benefit equally from tourism-related activities.

Add a Comment

Notice: Posting irresponsibily can get your account banned!

No responses

Featured Posts

tourism commerce ss1

Foreign Trade – Introduction

Back to: COMMERCE SS1

Welcome to class! 

In today’s class, we will be talking about foreign trade. Enjoy the class!

foreign trade classnotes.ng

  • Reasons for foreign trade
  • Advantages and disadvantages of foreign trade
  • Barriers to foreign trade
  • Classification of foreign trade

Foreign trade or international trade or external trade is the exchange of goods and services between two or more countries e.g. Nigeria, Japan and USA.

Reasons for international trade

  • Uneven distribution of natural resources
  • Differences in climatic conditions
  • Differences in skills and technical know-how i.e. the technological difference
  • The need to expand the existing market for products
  • Differences in the cost of production
  • To augment domestic production of goods and services
  • The differences in quantity and quality of labour force
  • The need to establish a relationship with other countries

Importance (disadvantages) of foreign trade

  • It increases government revenue through taxes such as import duties, export duties etc.
  • It improves the standard of living of participating countries by making available products that cannot be produced by a country
  • It encourages international specialization and its resultant increase in total output
  • It fosters a friendly relation among nations
  • It is a source of foreign exchange earnings
  • It promotes the transfer of technology
  • It creates employment opportunities in participating countries
  • It widens the world market
  • It enhances the promotion of economic development

Disadvantages of foreign trade

  • It may lead to the destruction of cultural and moral values of a country
  • It encourages dumping of goods
  • Excessive specialization may lead to over-production of goods in a country
  • It may lead to structural unemployment
  • It leads to over-dependence of countries on each other
  • It creates a balance of payments problems
  • It creates distortions in the economy e.g. neglect of the agricultural sector in Nigeria
  • It leads to the importation of harmful goods.
  • What five benefits does Nigeria derive from engaging in foreign trade
  • State seven differences and three similarities between foreign trade and internal trade

Problems or difficulties encountered in foreign trade (or barriers to foreign trade)

  • The problem of distance, transportation costs etc.
  • Currency differences and exchange rate risks
  • Differences in weights and measures
  • Language barrier and communication problems
  • Cultural and religious barriers
  • Political and diplomatic barriers
  • Artificial barriers/regulations e.g. tariffs, quota, embargo, licenses and other economic barriers
  • Documentation and administrative procedures are too many and more complicated
  • Differences in technical specifications

Classifications of foreign trade

  • Import refers to goods bought from other countries
  • Export refers to goods sold to other countries
  • Entrepot refer to buying from one country to resell to another
  • Bilateral trade is a trade agreement in which two countries exchange goods and services as trading partners
  • Multilateral Trade: This refers to a situation where a country has more than one trading partner at the same time.
  • Visible Trade and Invisible Trade
  • Visible trade refers to the trade-in items of tangible goods – goods that can be seen, touched and felt.
  • Invisible trade refers to the trade-in items that cannot be seen, felt or touched. They are usually services e.g. banking transport, insurance, tourism, aviation/air services, shipping services, consultancy services etc.
  • State and explain five problems likely to be faced by a businessman who wants to sell his goods overseas
  • Distinguish between the following terms:
  • Bilateral Trade and Multilateral Trade

Reading assignment

Essential Commerce for SSS by O.A. Longe Page 44 – 53

Comprehensive Commerce for SSS by J.U. Anyaele Page 117 – 137

General evaluation

  • What is a bonded warehouse
  • State five importance of warehousing to Commerce
  • What factors should be considered in siting a small retail shop
  • What five benefits does Nigeria derive from engaging in international trade
  • What is foreign trade?
  • State four disadvantages of foreign trade.

In our next class, we will be talking about the  Balance of trade, the term of trade, the balance of payment and others .  We hope you enjoyed the class.

Should you have any further question, feel free to ask in the comment section below and trust us to respond as soon as possible.

Share this lesson with your friend!

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to email a link to a friend (Opens in new window)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

ClassNotes.ng is an Afrilearn brand.

Weekly Newsletter

WhatsApp us

U.S. flag

An official website of the United States government

Here’s how you know

Official websites use .gov A .gov website belongs to an official government organization in the United States.

Secure .gov websites use HTTPS A lock ( Lock A locked padlock ) or https:// means you’ve safely connected to the .gov website. Share sensitive information only on official, secure websites.

U.S. Department of Commerce Logo

U.S. Department of Commerce

Travel and tourism.

The National Travel and Tourism Office , part of ITA, creates a positive climate for growth in travel and tourism by reducing institutional barriers to tourism, administers joint marketing efforts, provides official travel and tourism statistics, and coordinates efforts across federal agencies through the Tourism Policy Council. The Office works to enhance the international competitiveness of the U.S. travel and tourism industry and increase its exports, thereby creating U.S. employment and economic growth through:

  • Management of the travel and tourism statistical system for assessing the economic contribution of the industry and providing the sole source for characteristic statistics on international travel to and from the United States;
  • Design and administration of export expansion activities;
  • Development and management of tourism policy, strategy and advocacy;
  • Technical assistance for expanding this key export (international tourism) and assisting in domestic economic development

Related Content

Readout of secretary raimondo’s meeting with the u.s. travel and tourism advisory board, summary readout of deputy secretary don graves’ travel to tokyo, readout of secretary raimondo's meeting with minister of culture and tourism of the people’s republic of china hu heping, secretary raimondo appoints members of u.s. travel and tourism advisory board, secretary raimondo statement on pre-departure testing announcement, secretary raimondo announces new national strategy to reenergize u.s. travel and tourism, readout of secretary gina m. raimondo’s meeting with united states travel and tourism advisory board, earth day spotlight: our ocean, our blue economy.

Earth Day Spotlight: Our Ocean, Our Blue Economy

NOAA Administrator: This Earth Day, Let's Get Climate Ready

Virtual remarks by u.s. secretary of commerce gina raimondo at the noaa travel and tourism listening session.

IMAGES

  1. Tourism Senior Secondary School 1

    tourism commerce ss1

  2. Tourism SS1-3 Combined

    tourism commerce ss1

  3. COMMERCE SS1

    tourism commerce ss1

  4. Commerce Exam Questions for SS1, SS2, SS3 all Term in Ms Word/PDF for

    tourism commerce ss1

  5. SSS1

    tourism commerce ss1

  6. Commerce Exam Questions and Answers for SS1

    tourism commerce ss1

VIDEO

  1. Путевые листы в "1С Бухгалтерия 3.0"

  2. Инструкция по 1С: Управление Торговлей

  3. 1С:ERP Урок 4. НСИ. Склады и магазины

  4. (GOVERNMENT FOR SENIOR SECONDARY SCHOOL SS1) Lesson 1

  5. Boss 1С Торговля + 1С Склад

  6. Управленческий учет в турбизнесе

COMMENTS

  1. COMMERCE SS1

    COMMERCE SS1. 6 Comments / By ClassPrefect / November 27, 2019. On this page, get all Commerce SS1 topics from First Term to Third Term. Find them below, study them and excel in your examinations. For more class notes, homework help, exam practice, download our App HERE. Join ClassNotes.ng Telegram Community for exclusive content and support HERE.

  2. Lesson Note on Commerce SS1 First Term

    2. It makes production and exchange of goods and services possible. 3. It improves the standard of living of people by making modern goods available. 4. It aids national and international co-operation by ensuring inter-dependence of nations. 5. It facilitates division of labour and specialization. 6.

  3. Commerce Lesson Note for SS1 First Term

    WEEK 1. TOPIC: INTRODUCTION TO COMMERCE. Commerce is a social science and a branch of production. It is the process of buying, selling and distribution of goods and services through the assistance of various activities such as advertising, banking, communication, insurance etc. Commerce can also be defined as the study of how man buys, sells ...

  4. Tourism Scheme of Work for SS 1 Federal

    TOURISM SS 1 FIRST TERM SCHEME. WEEK. TOPIC/ CONTENT. ACTIVITIES. 1. Introduction to tourism. Basic Concepts in Tourism. Leisure, Play and Recreation Type of Recreation Communal or Solitary Active or Passive Indoor or Outdoor Healthy, useful or Harmful. Performance objective: Students should be able to, Define leisure and recreation .

  5. Introduction to Commerce

    SS1 Commerce. Introduction to Commerce. Overview. Defining Commerce Explaining the scope of Commerce Outlining the characteristics of Commerce. Listing the functions. Describing e-Commerce. What you'll learn. Meaning of commerce The scope. Its functions and characteristics. Your Teacher. Lydia Onekpe.

  6. SS1 First Term Commerce Lesson Note

    The content is just an excerpt from the complete note for SS1 First Term Commerce Lesson Note - Introduction to Commerce. Check below to download the ... Transportation, communication, tourism etc. Commerce can also be referred to as the process of buying, selling, and distributing goods and services. Simply put, commerce is trade and aids to ...

  7. Week 1

    1 Meaning, Scope and Functions of Commerce. Commerce is the study of production, distribution and exchange of goods and services aimed at satisfying human wants and in order to earn a living. 1. It provides employment opportunities for the people. 2. It makes production and exchange of goods and services possible. 3.

  8. Tourism Scheme of Work SSS1 Lagos State

    Debate on the most significant benefit of Tourism. Student should: Demonstrate a comprehensive argument of the benefits of Tourism on the Nigeria economy. Teachers should: Divide the class into two groups and guide the students in the debate competition. Compare and contrast the points made during this debate.

  9. LESSON NOTE ON SS1 COMMERCE FOR FIRST TERM

    First Term SS1 Commerce Lesson Note. Week One: Introduction to Commerce. INTRODUCTION: Commerce is a branch of production that deals with the distribution; exchange of goods and. services and all activities that assist or facilitate trade. Commerce is defined as the study of. all the activities concerned with buying and selling and distribution ...

  10. Lesson Note On Commerce

    Commerce can be defined as all the activities involved in the distribution and exchange of goods and services. It is a branch of production which is concerned with the distribution, exchange of goods and services and all activities that facilitates trade, e.g. banking, insurance etc. Scope of Commerce. Commerce can be divided into trade and all ...

  11. Real SS1 Tourism First Term

    REAL SS1 TOURISM FIRST TERM - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online.

  12. Commerce Scheme of work for SS1 first term, second ...

    COMMERCE SS1 FIRST TERMTHIS SCHEME OF WORK CONTAINS WEEK ,TOPIC/CONTENT, ACTIVITIES, RESOURCES FOR EASY LESSON PLANNING1 INTRODUCTION TO COMMERCE Teacher should discuss Meaning Scope functions Characteristics E- commerce, meaning, andfunctionscommerce in detail, identify thedifferences between commerceand e-commerce.Students to participate actively inclass discussion from the board.Resources ...

  13. Balance of trade and balance of payment.

    Courses » SS1 » SS1 Commerce ... It includes not only trade in goods but also trade in services (such as tourism, transportation, and banking), income flows (such as wages, interest, and dividends), and financial transfers (such as foreign aid and remittances). The balance of payments is divided into three main components: the current account ...

  14. Commerce Scheme of Work SSS1 Lagos State

    EMBEDDED CORE SKILLS. LEARNING RESOURCES. 1. Introduction to commerce -definition of commerce and electronic commerce -history of commerce -features of commerce -scope /division of commerce -functions of commerce. By the end of the lesson, students should be able to: i] define commerce, E-commerce , (ii) trace the history of commerce, (iii ...

  15. Meaning, Scope and Functions of Commerce

    Divisions of Commerce. Commerce can be grouped into two main branches or divisions, namely: 1. Trade 2. Aids to trade The aids to trade can be subdivided into: (a) Transport (b) Insurance (c) Banking and Finance (d) Advertising (e) Warehousing (f) Communication (g) Tourism. Self-evaluation: 1. Why is Commerce so essential to modern society? 2.

  16. Introduction To Commerce

    Importance of commerce. Importance of commerce include the following: Commerce makes a person become an entrepreneur. It helps a country to develop faster. It develops the banking system. Commerce provides employment opportunities. It helps in the transporting of goods. It creates a link between the manufacturers, buyers and sellers.

  17. SS1 Commerce Lesson Note on Introduction to Commerce

    Commerce simply refers to all the activities involved in the production, distribution and exchange of goods and services.Put in another way, commerce is a branch of production which is concerned with the distribution, exchange of goods and services and all the activities which facilitate or promote trade, e.g. banking, insurance, Transportation, communication, tourism etc. Commerce can also be ...

  18. Ports Authority

    Promotion of tourism; Review questions. List four facilities provided by a good seaport. Explain five functions of the Federal Airport Authority of Nigeria. General evaluation. State five functions performed by a wholesaler in the channel of distribution; Explain five factors that encourage the elimination of middlemen from the channel of ...

  19. History of Commerce

    SS1 Commerce. History of Commerce. Overview. Brief history of Commerce in Nigeria. Outline factors affecting the growth of Commerce. ... What you'll learn. Historical background. Factors affecting the growth of Commerce. The barter system. Your Teacher. Lydia Onekpe. 30 Lessons Taught; 4.6 Teacher Rating; Tel:+23412952086; Get started now and ...

  20. SS1 Commerce Lesson Note on History of Commerce

    TOPIC: HISTORY OF COMMERCE. CONTENT: (a) Historical background of Commerce. (b) Factors affecting the growth of commerce in West Africa. (c)The barter system. SUB-TOPIC1: HISTORICAL BACKGROUND. In the olden days, people engaged in subsistence production. This means they were producing goods for themselves and their family.

  21. Tourism

    Tourism - SS2 Commerce Lesson Note. Tourism refers to the activity of traveling to different places for leisure, recreation, or business purposes. It involves visiting various destinations, engaging in sightseeing, experiencing different cultures, and participating in activities or events. A tourist is a person who travels to a different ...

  22. Foreign Trade

    Essential Commerce for SSS by O.A. Longe Page 44 - 53. Comprehensive Commerce for SSS by J.U. Anyaele Page 117 - 137. General evaluation. What is a bonded warehouse; State five importance of warehousing to Commerce; What factors should be considered in siting a small retail shop; What five benefits does Nigeria derive from engaging in ...

  23. Travel and Tourism

    June 6, 2022. Press releases. Commerce Secretary Gina M. Raimondo today announced a new National Travel and Tourism Strategy that focuses federal government efforts to support the U.S. travel and tourism industry and sets an ambitious five-year goal of attracting 90 million international visitors to the United States each year.

  24. PDF First Term E

    E commerce (electronic Commerce or EC) is the buying and selling of goods and services on the internet, especially on the World Wide Web. In practice e- commerce and a newer term e-business is often used interchangeably. DEFINITION OF E-COMMERCE E -commerce can be defined as an activity of buying and selling, marketing, delivery, servicing and