PRODUCTION – Commerce FORM ONE NOTES
Definition of Production;-Production is any activity which results in the creation of goods and services in order to satisfy human wants.OR-Production is the process of
THE SCOPE OF COMMERCE – Commerce FORM ONE NOTES
Definition of commerce;Commerce is the study of exchange and distribution of goods and services from the point of production to the point of consumption to
COMMERCE O LEVEL(FORM FOUR) NOTES – MANAGEMENT AND ORGANIZATIONS
MANAGEMENT AND ORGANIZATIONS-Is the process of making things done through other people that means management involves setting objectives for the firm and Supervise the Implementation
COMMERCE O LEVEL(FORM FOUR) NOTES – BUSINESS UNITS
BUSINESS UNITS DefinitionIs an organization or firm that deals in the production or distribution of commodities usually for the purpose of making profit. It may
COMMERCE O LEVEL(FORM FOUR) NOTES – STOCK EXCHANGE MARKET
STOCK EXCHANGE MARKETIs the market which deals with the purchase and sale of already issued security such as share, bonds, etc. BROKERSAre the people who
COMMERCE O LEVEL(FORM FOUR) NOTES – INSURANCE
INSURANCEDEFINITIONIs a contract whereby one party called the Insured (Person taking out Insurance) agrees to pay the sum of money to another party called the
COMMERCE O LEVEL(FORM THREE) NOTES – ADVERTISING
ADVERTISINGWhen a Company launches new products, the existence of such products in the market. This is enhanced through a process known as Advertising.Advertising Is the
COMMERCE O LEVEL(FORM THREE) NOTES – MARKETING
MARKETING When goods are produced and are ready for use, the producers must get the people who need the goods. There is need to transport
COMMERCE O LEVEL(FORM THREE) NOTES – COMMUNICATIONS
COMMUNICATIONSIs the one of the aids to trade involving the conveying of information, instructions and transfer from one person to another communication comes from a
COMMERCE O LEVEL(FORM THREE) NOTES – INTERNATIONAL TRADE
INTERNATIONAL TRADEInternational trade or foreign trade is the buying and selling of goods and services outside the countries which means importing and exporting of goods
COMMERCE O LEVEL(FORM TWO) NOTES – THE CONCEPT OF DEMAND AND SUPPLY
THE CONCEPT OF DEMAND AND SUPPLYDemand Is the willingness and ability of consumer to buy commodity at a given price and specified period of time
COMMERCE O LEVEL(FORM TWO) NOTES – STOCK ADMINISTRATION
STOCK ADMINISTRATIONStock administration – is the management of stock in the business to ensure that there is sufficient quantity of goods without holding more or
COMMERCE O LEVEL(FORM TWO) NOTES – WHOLE SALE TRADE
WHOLE SALE TRADEWholesale trade: is a process of buying goods in a very large quantity from producers or manufactures and selling them mainly to retailersA
COMMERCE O LEVEL(FORM TWO) NOTES – WAREHOUSING MANAGEMENT
WAREHOUSING MANAGEMENTWarehousing : comes from the word warehouse, A warehouse is a large building especially made for storage of goods for future use and protect
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 A LEVEL(FORM SIX) NOTES – IMPORT TRADE
IMPORT TRADEWhat is it?Is the purchase of goods or services from other countries.TYPES OF IMPORTImport trade may be classified into two parts of:Direct import trade.Indirect