Category: SS 1 Commerce (1st, 2nd & 3rd Term)

Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce Economics SS 1 Economics (1st, 2nd & 3rd Term)

PARTNERSHIP: TYPES, ORDINARY PARTNERSHIP & LIMITED PARTNERSHIP

TYPES OF PARTNERSHIP There are two main types of partnership business namely: Ordinary Partnership (or General partnership) The Limited Partnership THE ORDINARY PARTNERSHIP (GENERAL PARTNERSHIP)…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce Economics SS 1 Economics (1st, 2nd & 3rd Term)

PARTNERSHIP: FORMATION, ADVANTAGES, DISADVANTAGES & CHARACTERISTICS

A partnership is defined as the relationship that exists between two or more (but more than twenty) persons carrying on a business in common for…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

BUSINESS UNITS & SOLE PROPRIETORSHIP

Business units can be divided into two broad classes namely, the private sector or private enterprise and the public sector or public enterprise. The private…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

TRANSPORTATION: ROAD, AIR, WATER, RAIL, IMPORTANCE, FORMS

Transportation is one of the aids to trade and branches of commerce which is a means whereby people and goods are moved from one place…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

NIGERIA AIRPORT AUTHORITY (NAA)

The Nigeria Airport Authority is a statutory body or public co – operation charged with the responsibility of managing, maintaining, running, administrating and controlling all…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

NIGERIA PORT AUTHORITY {NPA}

Nigeria port authority is an organ of the federal government charged with the responsibilities of producing facilities and controlling sea ports in a country. They…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

EXPORT PROMOTION COUNCIL

Export trade: the selling of goods/service of a country abroad. It includes goods and services sold to other countries. Nigeria’s export products are cocoa, crude…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

CUSTOM AND EXICE AUTHORITY

Custom and Excise authority is an agency charged with the responsibilities of assessing and collecting revenue due from import and export. It is a revenue…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

DOCUMENTS USED IN FOREIGN TRADE

DOCUMENTS USED IN FOREIGN TRADE Bill of lading Airway bill Indent Certificate of insurance Consular invoice Ship manifest Make receipt Certificate of origin Weight note…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term)

CONCEPTS OF INTERNATIONAL TRADE

Terms of Trade: This means the prices at which the country’s exports exchanges for her imports. If the prices at which a country’s exports exchange…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

INTERNATIONAL TRADE

International trade /foreign trade refers to the exchange of goods and services across the boarder of two or more countries by their resident and government….

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

MODERN TRENDS IN RETAIL TRADE

Improvement in both economical and technical development have given both to various modern trends in retail trade. Development in retail trade are: Self – service…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term)

WAREHOUSING

Warehousing is the act of storing goods produced or bought in a place until they are needed. Warehousing ensures that there is a regular  and…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

WHOLESALE TRADE

Wholesale trade (wholesaling) involves the buying of goods in large quantities from the producers or manufacturing and re-selling in small quantities to retailer. A wholesaler…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

MODERN TRENDS IN RETAILING

Self-service: This is a method that allows customers to do their shopping in a shop with little or no assistance from sales attendants.  The goods…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

LARGE SCALE RETAILING

TYPES OF LARGE SCALE RETAILING A          MULTIPLE SHOPS OR CHAIN STORES These are large scale retail businesses consisting of a number of similar shops or…

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Yoruba
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

SMALL SCALE RETAILING

There are several types of size of retail outlets which for easy analysis can be grouped into two, namely: Small scale and Large scale retailing…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

RETAIL TRADE

Trade (Trading) is the buying and selling of goods and services. It is divided into Home Trade and Foreign Trade. Home Trade involves the exchange…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term)

DIVISION OF LABOUR, SPECIALIZATION AND EXCHANGE

Division of Labour is the breaking down of production processes into different stages so that each stage is undertaken or handled by an individual. For…

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Commerce (SS)
Posted in SS 1 Commerce (1st, 2nd & 3rd Term) Commerce

PRODUCTION

Production is the changing of raw materials into finished goods and the distribution and provision of goods and services in order to satisfy human wants….

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