SS1 Commerce 1st Term


SS1 Commerce 1st Term Lesson Note and Scheme of Work by Week

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2023/2024 Academic Session Secondary School Resumption Dates: Mon 18-09-2023 for 1st Term Mon 08-01-2024 for 2nd Term Mon 29-04-2024 for 3rd Term

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SS One, SS Two & SS Three, First Term

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Week 1: 18-09-2023

Introduction to Commerce

A. Meaning of commerce
B. Importance of commerce
C. Characteristics of commerce
D. Scope of commerce

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.

Week 2: 25-09-2023

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.

Week 3: 02-10-2023

History of Commerce

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.

Week 4: 09-10-2023


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.

Week 5: 16-10-2023


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.

Week 6: 23-10-2023

Production (CONT'D)

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.

Week 7: 30-10-2023

SS1 Commerce 1st Term Revision and Mid Term Test

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1. Commerce started as a result of — WAEC 2021, Q19


2. All activities geared towards the distribution and exchange of goods and services is — WAEC 2021, Q4


3. The factor of production which bear all the risks of the business is — WAEC 2020, Q5


4. The reward for land as a factor of production is — WAEC 2021, Q7


5. Production is complete when product reach the — WAEC 2020, Q6


Question 1 of 5

Week 8: 06-11-2023

Home trade

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.

Week 9: 13-11-2023


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.

Week 10: 20-11-2023

Trade (CONT'D)

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)
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

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Reference Textbooks for Senior Secondary Schools
2023/2024 First Term SS1 Class & Study Group

Other Classes Listed Below
SS 1 SS 2 SS 3
Commerce 1st 2nd 3rd 1st 2nd 3rd 1st 2nd 3rd

Scheme of Work by Topic for:
SS1 Commerce 1st Term
(Ana Arm Technologies)
Introduction to Commerce
History of Commerce
Home Trade
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