SS1 Commerce 1st Term
SS1 Commerce 1st Term Lesson Note and Scheme of Work by Week
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Introduction to Commerce
SUB TOPICS:
A. Meaning of commerce
B. Importance of commerce
C. Characteristics of commerce
D. Scope of commerce
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INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define commerce.
2 Distinguish between commerce and trade.
3 State the importance of commerce to individual, nation and the world.
4 Outline the characteristics of commerce.
5 Present commerce in diagram.
Introduction to Commerce (CONT'D)
A. Trade and Aids to trade
B. Functions of commerce
C. E-commerce
D. Advantages and disadvantages of E-commerce
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Explain trade and aids to trade.
2 State how aids to trade boost trade.
3 State and explain functions of commerce.
4 Define E-commerce.
5 Explain how E-commerce operates.
6 Mention the divisions of E-commerce
7 State the advantages of E-commerce
8 State the disadvantages of E-commerce.
History of Commerce
SUB TOPICS:
A. History of Commerce
B. Factors Affecting the Growth of Commerce
C. Reasons for the Growth of Commerce in Nigeria
D. The Barter System
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Narrate briefly the history of commerce in Nigeria.
2 State some factors affecting the growth of commerce.
3 Identify some reasons for the growth of commerce.
4 Explain barter system.
5 State some of the challenges of trade by barter.
Occupation
SUB TOPICS:
A. Meaning and diagram of occupation
B. Classification of occupation: (i) industrial (ii) commercial (iii) service
C. Factors that determine types of occupation and employment
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define occupation.
2 Sketch a diagram of occupation.
3 Classify occupation.
4 Differentiate between commercial and industriial.
5 State factors affecting employment.
Production
SUB TOPICS:
A. Meaning and types of production
B. Categories of production in a diagram
C. Factors of production: (i) Land (ii) Labour (iii) Capital (iv) Entrepreneur
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define production.
2 Mention and explain briefly the types of production.
3 Draw a simple diagram to represent production.
4 Mention the factors of production.
5 Explain land and its features.
6 Explain labour and its features.
7 Explain capital and its features.
8 Explain entrepreneur and its features.
Production (CONT'D)
SUB TOPICS:
A. Division of labour
B. Specialisation
C. Exchange
D. The relationship between production, specialisation and exchange
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define division of labour.
2 State the advantages and disadvantages of division of labour.
3 State the factors that limit division of labour.
4 Define specialisation.
5 Explain what leads to specialisation.
6 Describe exchange.
7 State the roles of exchange in commerce.
8 Discuss the link between production, specialisation and exchange.
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Home trade
SUB TOPICS:
A. Large scale retailing: Supermarket, Departmental stores, Cooperative store
B. Large scale retailing: Hypermarket, Chain stores, Mail order forms
C. Modern trends in retailing: Branding, Vending machine, Self service, etc
D. Modern trend in retailing: Aftersales service, franchising sales, Promotion, etc
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Explain large scale retailing.
2 List examples of trade that can be regarded as large scale retailing.
3 State the features, merits and demerits of each.
4 Explain the meaning of modern trend in retail.
5 List examples of each of the trends
6 Explain the advantages and disadvantages of each of the trends.
7 Give examples of each of the trends.
Trade
SUB TOPICS:
A. Definition of trade
B. Classification of trade
C. Classification of home trade
D. Retail trade
E. Functions of retailer
F. Factors to be considered before starting a retail trade
G. Why are there many small scale traders in West africa?
H. Classification of retail trade: Hawkers, Roadside traders, Mobile shop, etc
I. Classification of market place trading: Kiose, Shop owners, etc
INSTRUCTIONAL OBJECTIVES: At the end of the lesson, learners should be able to:
1 Define trade.
2 Draw a diagram to show the classification of trade.
3 Sketch a diagram showing home trade.
4 Define retail trade.
5 State the functions of retailer to consumers.
6 State the factors to be considered before starting a retail trade.
7 State the reasons why small scale retailing exist despite strong competition.
8 Give examples of small scale retailing and state their various features, merits and demerits.
9 State the features, merits and demerits of market place trading.
Trade (CONT'D)
PERIOD 2: TRADE BY BARTER
Learning Objectives – By the end of the lesson, the students should be able to:
Outline five problems of barter trade. (Source: Ref WAEC 2018, Q9a)
Presentation
Disadvantages of problems of barter trade
Double co-incidence of wants
No fixed rate of interest
Wastage of time and effort
Indivisibility of goods
Discouraging borrowing and lending/no deferred payment
Difficulty in storing wealth
Bulkiness of goods
Measurement of value of goods
(Ana Arm Technologies)
Introduction to Commerce
History of Commerce
Occupation
Production
Trade
Home Trade
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Reference Textbooks
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