SS 1 Commerce (1st 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 steady supply of goods. A… Read More »WAREHOUSING

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 is a trader who purchases… Read More »WHOLESALE TRADE

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 are conspicuously displayed and arranged… Read More »MODERN TRENDS IN RETAILING

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 branches spread or located in… Read More »LARGE SCALE RETAILING

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 TYPES OF SMALL SCALE… Read More »SMALL SCALE RETAILING

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 (i.e. buying and selling) of… Read More »RETAIL TRADE

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 example, division of labour occurs… Read More »DIVISION OF LABOUR, SPECIALIZATION AND EXCHANGE

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. Production is also referred to… Read More »PRODUCTION

OCCUPATION

Occupation can be defined as any job that is legal in which people are engaged in order to earn a living. CLASSIFICATION OF OCCUPATIONS Occupations are classified into six major… Read More »OCCUPATION

MEANING, SCOPE AND FUNCTIONS OF COMMERCE

DEFINITION 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. THE… Read More »MEANING, SCOPE AND FUNCTIONS OF COMMERCE