Welcome great EduPodian, here is your First Term SS3 Commerce Lesson Note excerpt.
Scheme of Work
1 Introduction to Business Management
2 Business Management
3 Departments in a Business Organization, Social Responsibilities of a Business
4 Structure of a Business
5 Authority: Span of Control
6 Nationalization
7 Indigenization
8 Privatization
9-10 Economic Groupings in West Africa
Week 1:
INTRODUCTION TO BUSINESS MANAGEMENT
CONTENT
1. Meaning of Business, Business Management
2. Resources of Business
3. Objectives of Business
4. Functions of Management
Business can be defined as the sum of all activities involved in the creation and distribution of goods and services for profit.
Business management is the act of planning, organizing, directing and controlling business resources in order to attain some set objectives.
CLASSES OF BUSINESS
1. Primary/Extractive Business
2. Processing/Conversion Business
3. Distributive/Commercial Business
4. Services Business – Concerned with the provision or marketing of intangible benefits to ultimate users such as banking insurance etc.
EVALUATION
1. Define the following terms (a) Business (b) Businessman
2. Mention four importance of business to the individual or society
RESOURCES OF BUSINESS
1. Money: This includes all the funds available to the business such as cash, shares, working capital etc.
2. Materials: This includes tools, machinery, equipment and raw materials required to operate the business.
3. Management: This is… Click here to order the complete Commerce Lesson Note for SS3 first term
Week 2:
MANAGEMENT OF BUSINESS
Management has been variously defined as follows:
1. The organ of leadership, direction and decision in a business enterprise.
2. The process of preparing, directing, planning and organizing people and material in order to attain business objectives.
DUTIES OF A MANAGER
1. He is the departmental head.
2. He is responsible for planning and executing work in his department.
3. Recruitment and training of workers.
4. He is responsible for delegation of duties to his subordinates.
5. He negotiates and transacts business with outsiders on behalf of the firm.
6. Maintenance of cordial relationship between his department and other departments.
7. Supervision, counseling and disciplining of subordinate staff.
FUNCTIONS AND IMPORTANCE OF MANAGEMENT
1. Planning: This involves setting objectives for an organization and choosing the best ways to accomplish them.
2. Organizing: This refers to arranging resources in order to achieve the objectives of an organization.
3. Directing: This simply means aiding… Click here to order the complete first term Commerce Lesson Note for SS3
Week 3:
DEPARTMENTS IN A BUSINESS ORGANISATION
SOCIAL RESPONSIBILITIES OF A BUSINESS.
CONTENT
1. Departments in a business organization.
2. Functions of the departments.
3. Social responsibilities of a business.
DEPARTMENTS IN A BUSINESS ORGANISATION
Business organizations are usually divided into different departments on the basis of their functions. The typical departments to be found in a business organization include:
1. Personnel Department.
2. Accounts / Finance Department
3. Training & Manpower Development Department
4. Production Department
5. Sales Department
6. Marketing Department
7. Administration Department
8. Maintenance Department
9. Mails Department etc.
FUNCTIONS OF THE PERSONNEL DEPARTMENT
1. Recruitment of staff to fill vacant positions.
2. Handling of staff welfare matters including arrangements for medical care, safety etc.
Discipline of staff – including… Click here to order the complete Lesson Note on Commerce SS3 first term
Week 4:
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Week 5:
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Week 10:
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