Welcome great EduPodian, here is your First Term SS1 Commerce Lesson Note excerpt.
Scheme of Work
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 1:
TOPIC: MEANING, SCOPE AND FUNCTIONS OF COMMERCE
CONTENT
• The Importance of Commerce
• History of Commerce in Nigeria /West Africa
• Divisions 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 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… Click here to order the complete Commerce Lesson Note for SS1 first term
Week 2:
TOPIC: OCCUPATION
CONTENT
• Classification of Occupations
• Factors influencing Occupations
DEFINITION OF 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 divisions namely:
1. Extractive Occupation
2. Manufacturing Occupation
3. Constructive Occupation
4. Commercial Occupation
5. Direct Services
6. Indirect Services
1. EXTRACTIVE OCCUPATION: This involves all kinds of works concerned with the extraction of natural resources from the soil, the sea or forest eg farming, fishing, hunting, lumbering, mining, quarrying etc.
2. MANUFACTURING OCCUPATION: Workers involved in this occupation are engaged in changing the form of… Click here to order the complete first term Commerce Lesson Note for SS1
Week 3:
TOPIC: PRODUCTION
CONTENT
• TYPES OF GOODS
• CLASSIFICATION OF PRODUCTION
• FACTORS OF PRODUCTION
• THE PROCESS OF PRODUCTION
DEFINITION OF 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 as the creation of utility. (Utility is the ability of any commodity or services to satisfy human wants).
TYPES OF GOODS
1. CAPITAL GOODS (PRODUCER GOODS): These are goods which are used for further production of goods and services e.g. raw materials, machines, trucks etc.
2. CONSUMER GOODS: These are goods and services which are ready for use by the final consumer e.g. bread, milk, services of a teacher etc.
CLASSIFICATION OF PRODUCTION
1. PRIMARY PRODUCTION: This involves the extraction of raw materials from the soil or sea e.g. mining, farming, fishing etc.
2. SECONDARY PRODUCTION: This entails the conversion of raw materials into finished or semi-finished products e.g. manufacturing of cars, fan, clothes chemicals e.t.c.
3. TERTIARY PRODUCTION: This is… Click here to order the complete Lesson Note on Commerce SS1 first term
Week 4:
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Week 5:
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Week 6:
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Week 7:
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Week 8:
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Week 9:
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Week 10:
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