Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – BUSINESS UNIT (2)

SHARES OF A COMPANYA share or stock is a unit in which the capital of a company is divided.ORA share is a unit or portion

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – FOREIGN TRADE

FOREIGN TRADEIs the trade which is conducted across the boundary of the country.It includes imports and exports .− Export trade is the selling of goods

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – BUSINESS UNIT (1)

BUSINESS UNIT This refers to firm or organization set up to carry out some production activities such as provision of goods or services in order

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – THE BUSINESS OFFICE

THE BUSINESS OFFICEDefinition of an officeAn office is a place, a room or a building where clerical activities of the business are carried out so

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – TAXATION

TAXATION – This is a legal transfer of money from the public to government mainly as government revenue.– A TAX is a compulsory contribution made

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – MARKETING

MARKETING This is a place where buyers and sellers meet and exchange will take place. OR Is a relationship that exist between buyers and sellers

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – CONTRACT OF SALES

CONTRACT OF SALESContractIs an agreement with legal force. It is an agreement which has legal binding nature.An agreement: It is an offer (proposal) by one

Commerce Commerce A Level(Form Six) Form Six (A Level)

COMMERCE A LEVEL(FORM SIX) NOTES – THE ROLE OF GOVERNMENT IN TRADE

THE ROLE OF GOVERNMENT IN TRADEGovernment:Is a group of people who officially rule a country like president, ministers and civil servants.Function of GovernmentThe government perform