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

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

Commercialization | Meaning, Advantages, Disadvantages & Reasons

Meaning of Commercialization Commercialization, in essence, represents a fundamental shift in the operational ethos of government enterprises. It marks a strategic transformation from a predominantly…

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

Introduction to Business Management | Resources, Functions & Departments

Meaning of Business: Business refers to the organized effort of individuals to produce, sell, or buy goods and services with the aim of generating a…

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

Presentation Package

A presentation package is a computer software package that is used to display information usually in form of a slide show.

 

Examples of presentation package

Microsoft PowerPoint

Macromedia flash

Windows movie maker

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

COMMUNICATION

Communication is the act of sending and receiving message/information from one person or place to another. Communication could be oral, written or visual.   IMPORTANCE…

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

STOCK EXCHANGE

A stock exchange is a specialized market where investors can buy and sell existing securities like shares, stocks, debentures and gill edge securities. It is…

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

THE FINANCIAL POSITION OF BUSINESS FIRMS

DETERMINATION OF THE VIABILITY OF A BUSINESS To determine whether or not a business is viable an investigation into the following sources of information must…

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

PROFIT

The profit of a business firm could be either Gross Profit or Net Profit.   GROSS PROFIT This is the total sales less Cross Price:…

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

CAPITAL

Capital in business refers to all the assets and property of a firm.   TYPES OF CAPITAL FIXED CAPITAL: This refers to the assets of…

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

INSURANCE IV

PROCEDURES OF INSURANCE CONTRACT The various processes involved in obtaining an insurance are: An Inquiry- i.e. finding out about the insurance either directly from the…

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

INSURANCE III

FORMS OF LIFE POLICY Whole life Assurance: Premiums are paid throughout the lifetime of the assured and the sum assured is payable only when death…

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

INSURANCE II

PRINCIPLES OF INSURANCE There are six main principles which underlie insurance contracts and which must be present for the contract to have validity. These principles…

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

INSURANCE

Insurance is a contract whereby an insurer or underwriter agrees to compensate the insurer in the event of his suffering a loss, in return for…

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

INDUSTRIAL COMBINATIONS/INTEGRATION

INDUSTRIAL COMBINATION Industrial combination (or integration) is the coming together of two or more firms in order to form one large economically stable firm.  REASONS…

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

TRADE ASSOCIATION/CHAMBERS OF COMMERCE

TRADE ASSOCIATIONS Trade Association is an association of traders or producers engaged in the same line of trade whose major aim is to protect and…

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

PUBLIC ENTERPRISES

PUBLIC ENTERPRISES Public Enterprises are business organizations established, owned, managed and controlled by the government. They are also referred to as Public Corporations or Statutory…

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

CO-OPERATIVE SOCIETIES

A co-operative society is a voluntary association of persons, businessmen, traders or organization with common needs and interests. The resources of members of are pooled…

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Commerce (SS)
Posted in SS 2 Commerce (1st, 2nd & 3rd Term) Commerce Computer Studies/ICT/IT (All Classes) Data Processing/Information Processing

INTRODUCTION TO DATA PROCESSING

Data Processing is the process of producing meaningful information from raw data.  It describes the series of actions taken to produce useful information by collecting…

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

TERMS OF TRADE

SPECIAL TRADE TERMS AND MEANS OF PAYMENT TERMS OF QUOTING PRICE. CIF (Cost, Insurance and Freight): A price quoted CIF simply means that it includes…

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

BUYING AND SELLING DOCUMENTS

Documents used in buying and selling of goods. When business transactions occur, certain documents are drawn up and passed from one person to another. These…

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

COMMODITY EXCHANGE

Commodity can be defined as food or other agricultural products such as wheat or cocoa and natural resources such as oil, or gas and metal…

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