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

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

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 OF COMMUNICATION TO COMMERCE It… Read More »COMMUNICATION

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 a part of the capital… Read More »STOCK EXCHANGE

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 be made. Trading, Profit and… Read More »THE FINANCIAL POSITION OF BUSINESS FIRMS

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

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

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 insurance company or agents(brokers) Proposal… Read More »INSURANCE IV

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 of the holder of the… Read More »INSURANCE III

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 are: INSURABLE INTEREST: The person… Read More »INSURANCE II

Insurance is a contract whereby an insurer or underwriter agrees to compensate the insure in the event of his suffering a loss, in return for the payment of a premium… Read More »INSURANCE

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 FOR INDUSTRIAL COMBINATION Firms may… Read More »INDUSTRIAL COMBINATIONS/INTEGRATION

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 safeguard the interest of their… Read More »TRADE ASSOCIATION/CHAMBERS OF COMMERCE

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 Corporations. Examples of Public Enterprises… Read More »PUBLIC ENTERPRISES

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 together to promote the economic… Read More »CO-OPERATIVE SOCIETIES