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
Online Quiz
Reference Textbooks
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